Cyber Insurance Preparation
It is a balancing act! Cost vs Security. Understanding Key Drivers & Essential Safeguards For Cyber Liability Insurance, start the journey. We can help?
Cyber Insurance: Information & Cyber Security Preparation
We help you understand your key drivers and essential safeguards for your cyber insurance in an increasing digital world where your organisation depends on technology for almost every aspect of your business operations.
Your reliance on technology brings significant advantages for your business such as speed, scalability & efficiency but also may expose your organisation to a broad spectrum of sophisticated cyber threats.
Discover why prioritizing information & cyber security matters. Learn how to implement key controls and best practices that protect your organisation, its outsourced partners, its reputation, and your critical assets.
| First Party Coverage (Your Organisation) | Third Party Coverage (Outsourced Services) |
| 1. Evolving Business Processes & Digital Transformation | 1. Emerging Threat Landscape within the Supply Chain where threat actors target outsourced partners to access their customers |
| 2. Reputation Management and Customer Trust | 2. Client Dependence on outsourced providers for uptime & operational efficiency |
| 3. Rising Frequency & Sophistication of Cyber Attacks (increase in threat landscape & attack surface) | 3. Business Continuity & Operational Resilience |
| 4. Organisational Accountability | 4. Contractual Requirements for outsourced providers |
| 5. Regulatory & Compliance Demands | 5. Legal & Regulatory Obligations |
| 6. Third Party & Supply Chain Risk |
The question to ask is “what is reasonable” ?
Security measures vary depending on:
Size of your Business/Environment, Insurer Requirements or Industry Standards – some key controls include:
- Risk Assessment & Ongoing Threat Management aligned to chosen best practice security framework(s) (CIS, NIST, ISO 27001 etc.)
- Access Management & Identity Governance
- Network & Endpoint Security
- Data Protection & Encryption
- Incident Response & Business Continuity, including supporting documentation
- Records of key security policies, training, incident response plans & technical controls
- •Vulnerability Management & Continuous Threat Exposure Management
We support our partners to help their customers with cyber insurance questionnaires and ongoing cyber insurance compliance of their customers environment.
We help to foster a culture of continuous improvement, using periodic reviews, attestation of controls, incidents and near misses to strengthen your security posture.
