In today’s digital, cloud-based business landscape, protecting your data and systems requires a proactive cybersecurity strategy. Meanwhile, protecting your financial well-being requires cyber insurance. And it’s getting harder to qualify for this vital coverage. Cyber liability insurance is designed to offset the costs of a successful cyberattack, such as:
- Legal fees and expenses
- Ransom payment and extortion costs
- Recovery of compromised data
- Fines and penalties
- Notifying impacted customers
- Repairs to damaged and compromised computer systems
- Lost income due to downtime or service interruption
- Identity theft and credit monitoring services
- Forensic investigation
The first step to getting the cyber insurance coverage you need is to understand the proper requirements. Check out our checklist to find out if you have the controls and solutions to obtain cyber insurance, and to keep premiums down.
