04 Jun Questions To Ask Before You Shop For Cyberinsurance
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This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in Forbes
Sausalito, Calif. – Jun. 4, 2024
Cybersecurity Ventures predicts that cybercrime will continue to grow by 15 percent, year over year, building from $8 trillion in 2023 to $10.5 trillion annually by 2025.
Cyber risk insurers can help your company hedge against cybercrime, according to Glenn Mathis, president and chief operating officer of Integris, a national managed IT service provider.
A Forbes article contributed by Mathis recommends that you ask three questions before going shopping for cyberinsurance:
1. What regulations affect our cybersecurity?
2. Are our cybersecurity tools and documentation up to standard?
3. Are our systems prepared for disaster?
Mathis believes that your success and cyber safety operate in a virtuous circle — each feeding the other. Letting a cyber risk insurer into that circle can help you reap the benefits for years to come.
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