Are you Prepared to Meet the New Cybersecurity Insurance Requirements from Rising Cyber Threats?
March 17, 2023

As cyberattacks become more common, sophisticated, and damaging, organizations are increasingly looking to invest in cybersecurity insurance to protect themselves from financial losses. However, getting the right cybersecurity insurance coverage can be challenging, and it’s vital to meet new cybersecurity insurance requirements to qualify and establish the lowest premiums. That’s where SECNAP Network Security comes in. Our comprehensive cybersecurity solutions can help your business prepare for the new cybersecurity insurance requirements and reduce premiums. Here’s how:

Comprehensive Risk Assessments

SECNAP Network Security offers comprehensive risk assessments to identify potential vulnerabilities and make recommendations for improvement. Our internal vulnerability assessments identify the security holes within your systems from the inside out. SECNAP’s external security assessments evaluate your overall network security health before attackers do. These assessments help your organization to proactively address security weaknesses and reduce the risk of a cyberattack.

Ongoing Monitoring and Support

With SECNAP Network Security’s ongoing monitoring and support, you can be confident that your organization is protected against cyber threats. Our U.S.-based cybersecurity experts monitor your network 24/7 and provide timely alerts and recommendations to prevent and mitigate potential risks. This not only helps reduce your risk of a cyberattack, but it can also demonstrate to insurers that your business is taking proactive steps to address cybersecurity risks.

Incident Response Planning

In the event of a cyberattack, it’s essential to have a well-defined incident response plan. SECNAP Network Security’s incident response team is unparalleled in their ability to control damage, recover data, secure systems, and get you back online in record time. This can help minimize any damage caused by an attack and demonstrate to insurers that your organization is prepared to handle cyber incidents. Additionally, insurance carriers require a detailed incident response plan in to qualify for cybersecurity insurance.

Cybersecurity Training

Cybersecurity training is crucial to embedding cybersecurity into the culture of any organization. In today’s digital world, the risk of cyberattacks and data breaches is increasing, and every employee plays a critical role in protecting sensitive information and assets. SECNAP Network Security’s experts can train employees on the latest security best practices and help them recognize and respond to potential threats. This helps reduce the risk of a cyberattack and fosters a culture of cybersecurity, where everyone is responsible for protecting the organization’s assets and reputation.

Industry Compliance

Complying with industry standards such as HIPAA, PCI, SOX, FINRA, and GDPR, is essential for any business that handles sensitive data. SECNAP Network Security’s cybersecurity solutions are designed to help meet these standards, which can help demonstrate to insurers that your business is taking the necessary steps to protect sensitive data.

Criteria for Cybersecurity Insurance

Most insurance companies require their insureds to complete a questionnaire to detail each organization’s security tools and procedures. In the questionnaire, security controls are considered, with insureds risking higher premiums, or even rejection, if any security controls are considered deficient. Insurance companies typically request information about the insured’s posture regarding matters such as:

    • Multi-Factor Authentication (MFA)
    • Vulnerability Scanning & Penetration Testing
    • Intrusion Detection Systems
    • XDR (extended detection & response)
    • Endpoint Detection and Response (EDR) and Managed Detection and Response (MDR)
    • Security Awareness Training and Testing
    • Secure Backups and Recovery
    • Limiting data collection, and encrypting collected data
    • Documented and Tested Incident Response Plan
    • Employ a Password Management Solution
    • Dark Web Monitoring
    • Industry-specific regulations and standards, such as HIPAA for healthcare and PCI-DSS for payment card

A robust cyber security defensive posture not only will mitigate the risk of an attack, but it can also help lower the premium rates of the insurance policy.

Why Choose SECNAP Network Security?

At SECNAP Network Security, we have offered protective solutions for 21 years, and we understand the importance of cybersecurity insurance and meeting cybersecurity insurance requirements. That’s why we offer comprehensive cybersecurity solutions to help your organization meet rigorous new cybersecurity insurance requirements. Our U.S.-based team of cybersecurity experts protects organizations 24 hours a day, 7 days a week from cyber threats. SECNAP Network Security offers a comprehensive range of cybersecurity solutions to help organizations meet the new cybersecurity insurance requirements and reduce premiums. These solutions include internal vulnerability assessments, external security assessments, intrusion detection systems, XDR, endpoint detection and response (EDR), and managed detection and response (MDR). SECNAP also provides security awareness training and testing, dark web monitoring, and documented and tested incident response plans. Compliance with industry-specific regulations and standards such as HIPAA and PCI-DSS is also a priority for SECNAP Network Security

Contact Us Today

Don’t wait until it’s too late – protect your organization from cyber threats with SECNAP Network Security. We are a leading provider of comprehensive cybersecurity solutions that can help businesses of all sizes protect against cyber threats. SECNAP’s solutions are tailored to meet the specific needs of each organization. Contact us today to learn more about our cybersecurity solutions and how we can help your organization meet cybersecurity insurance requirements and reduce premiums. Complete the contact form or call 954-350-0712.


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