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SSE is a certified Women-Owned Small Business with over 30 years of experience in both the technology and training industries, serving commercial and government markets.
The more our lives and processes shift to digital solutions, the threat of cyberattacks also increases. Businesses increasingly rely on technology and interconnected systems, making data breaches, ransomware attacks, and other malicious cyber incidents even more of a concern for organizations. Taking proactive measures is essential to mitigate risks and ensure business continuity.
One of these measures is to ensure your business has a well-defined incident response plan, but what if the unthinkable still happens? This is where cyber insurance becomes valuable to help provide resources for managing the aftermath. With SSE’s help, your organization can have a better chance at obtaining cyber insurance, or better premiums, by addressing common lapses in cybersecurity.
How Cyber Insurance and Incident Response Planning Work Together
Incident response planning is a proactive measure to prevent, detect, and mitigate cyber incidents. While incredibly useful, it cannot guarantee immunity from attacks. This is where cyber insurance comes in. As a complementary component of an overall cybersecurity strategy, cyber insurance supports incident response planning by offering the following:
Qualifying for Cyber Insurance
To qualify for cyber insurance, your organization must meet specific requirements laid out by the insurance provider. With the increase in ransomware attacks, underwriters were prompted to implement several new provisions to prevent and decrease the high number of claims. One of the significant new mandates is to require multi-factor authentication (MFA) in a network environment.
There are also certain factors the insurance companies are looking for in organizations to determine the level of risk and the appropriate coverage. These factors include:
The SSE Advantage in Obtaining Cyber Insurance
When you need to navigate the complexities of cyber insurance, it’s essential to get the right coverage and ensure compliance, both of which can be daunting tasks. At SSE, we recognize the critical role cyber insurance plays in fortifying your organization against cyber threats.
Our comprehensive suite of cyber services acts as a secure baseline for helping to obtain coverage. Here’s how our expertise and solution set can enhance your journey toward obtaining cyber insurance:
While we may not be insurance brokers, we serve as your strategic ally in building a secure foundation for obtaining cyber insurance.
Incorporate Incident Response Planning and Cyber Insurance into your Cybersecurity Strategy
Incident response planning is essential to a robust cybersecurity strategy, but no system is immune to cyber incidents. Cyber insurance offers a safety net that can help mitigate the financial impact of these incidents, helping organizations recover swiftly and effectively. By incorporating cyber insurance into your incident response planning, your business can confidently navigate the challenges posed by the ever-evolving landscape of cyber threats.
Ensure your business has the best cybersecurity in place with solutions from SSE. Schedule your complimentary cybersecurity and network audit – contact SSE today.