Are You Sure You Qualify For Cybersecurity Insurance In St. Louis?
Have you been researching cybersecurity insurance, but aren’t sure if you qualify? Before you can secure coverage from a St. Louis carrier, you need to do your due diligence and enhance your cybersecurity.
Cybersecurity insurance is protection designed specifically to help cover the potentially massive expenses associated with an unavoidable data breach. It can be a worthwhile investment, so long as you know how it works.
The Miller Group can deliver the St. Louis cybersecurity support needed to ensure that you qualify for a robust cybersecurity policy, and help you meet the standards set out in the claim process as well.
Get in touch with the The Miller Group team to discover how our cybersecurity suite will manage your insurance policy compliance.
Cybersecurity Insurance Won’t Protect Your St. Louis Business If Your Cybersecurity Standards Aren’t Up To Par
The somewhat inevitable nature of modern cybercrime has led businesses to consider cybersecurity insurance as a final layer of reassuring protection.
In fact, it’s becoming more and more necessary, as many insurance providers have begun drawing a clear line between normally covered losses, and those incurred by cybercrime-related events.
That means that if your cybersecurity doesn’t meet the standards of your insurance provider, you may not be as well covered as you think.
35 Questions Your St. Louis Cybersecurity Insurance Carrier Is Going To Ask…
- Does your business have a policy against opening unverified email attachments?
- Does your business keep malicious and spam emails out of staff inboxes?
- Does your business double-check email attachments before they are delivered?
- Does your business have an email threat protection solution in place?
- Does your business have an endpoint protection solution in place?
- Does your business use an Endpoint Detection & Response (EDR) solution?
- Does your business use multi-factor authentication (MFA) or Two-Factor Authentication (2FA) on all user accounts?
- Does your business test cybersecurity standards with regular vulnerability scans?
- Does your business prohibit incoming connections using hardware and software firewalls?
- How many users have local administrator rights enabled?
- Do you have a content filtering solution?
- Does your business monitor traffic into and out of the network?
- Do your staff members have access to a password manager?
- Are admin accounts tracked and monitored to limit and log access?
- Do you have recent and tested backups of all mission-critical data, applications, and configurations?
- Do you have encryption for backups (both at rest and in transit)?
- Do you store backups on and offsite?
- Are your offsite backups protected by an air-gap and separate authentication mechanism?
- Does your business use a cloud syncing service? (e.g. OneDrive, DropBox, SharePoint, Google Drive)
- Is your cloud data backed up?
- Can staff members access business email on their personal devices?
- Can staff members send or receive PII, ePHI, or PCI data through business email?
- Do you have an email encryption solution in place?
- Is your staff regularly tested and trained on phishing and other social engineering attack vectors?
- Do you have a log aggregation solution in place?
- Do you have a Security Incident and Event Management (SIEM) system in place?
- Do you have an update and patch management system in place?
- Does your business monitor its network 24/7?
- Do you work with a third-party IT company?
- Do you rely on a third-party Security Operations Center (SOC)?
- Is all data encrypted (at rest and in transit)?
- Does your business have a documented policy for addressing unsafe conduct by employees?
- Is your business compliant with applicable regulations and standard systems?
- Do you have a policy in place for limiting resigning or terminated employees’ access to business data?
- Do you have a Mobile Device Management policy in place to limit risks posed to business data by your employees’ personal devices?
How To Get Cybersecurity Insurance In St. Louis
In order to determine what type of cybersecurity insurance you may need, it’s important to start by taking stock of your business and the potential threats posed to it:
- Evaluate your system infrastructure: The best way for you and your team to determine the kind of coverage that is best for your business is to understand your IT infrastructure. By evaluating your systems from top-to-bottom, you’ll have a clear idea of all the different access points that could be leaving your network vulnerable to threats.
- Improve your security to reduce rate: Don’t forget to look into how investing in your cybersecurity could save you money on premiums. Open up a dialogue about it with your potential Cybersecurity Insurance provider and see what they suggest.
- Identify your risks: Next, it’s best practice to conduct a risk assessment and an impact analysis. Carefully review all your business’ assets—including financial data, customer information, and intellectual property. Categorize assets according to their risk and make considerations for the potential impacts that a data security event could have on all aspects of your business.
Need Help Qualifying For Cybersecurity Insurance In St. Louis?
Meeting the stipulations laid out by cybersecurity insurance providers may not be easy depending on the state of your cybersecurity posture. The Miller Group can help you improve your approach to cybersecurity.
Our team provides cybersecurity and technology services for businesses like yours—we are available to help you develop a robust cybersecurity defense. We can ensure you qualify for a policy and minimize the chance that you’ll have to make a claim on your cybersecurity insurance.
Get in touch with our team to get started.
Thanks to Holden Watne, who provides Managed IT Services In Los Angeles with GenIX for his help with this list.
Stephen King is our Chief Technology Officer, and has the longest tenure as a technician at The Miller Group. Stephen puts his extensive experience to use for the good of our clients, providing expert technical support, as well as leadership, and guidance to other members of our technical staff.
