How to Adapt
It’s no secret that with the COVID-19 pandemic, the cyber threat landscape has changed. Cyber insurance is no exception. With a significant increase in ransomware over the past few years, cyber insurance costs have risen 30 percent. Beyond the increase in cost, many providers are limiting cyber insurance coverage, or removing it all together.
But why is this, and what can your organization do about it to maintain your coverage? Recently, Cloud 1 Solutions has worked with several insurance providers discussing how to adapt to the changes in cyber insurance.
- Managed Detection Response
- Multi-Factor Authentication (MFA)
- Managed Threat Response (MTR)
- Policy Management
- Social Awareness