Cybersecurity vs Cyber Insurance
At the intersections of Preparation and Best Practices, Knowledge and Execution, we find Cybersecurity and Cyber Insurance.
Below we will explore the two related, but very different topics.
Cyber Security and Cyber Insurance are indispensable to all 21st century businesses.
Cyber Security:
The steps an organization takes to protect their IT systems from cyber attacks is cybersecurity. A modern business faces many challenges within the cyberspace that exists inside every computer, phone, router, switch, camera, and internet connected device on their network. Cyber threats such as attacks from hackers, data breaches, internal data theft by staff, outdated software, and outdated hardware are some of the obstacles.
Cyber Insurance:
In the event an organization is compromised in a cyber incident, cyber insurance can help mitigate the costs associated with becoming a victim of corporate cybercrime.
The Stats:
43% of all cyberattacks target small to medium-size business (SMB). It takes almost 300 days on average for a company to realize they were compromised in an attack. 60% of businesses never reopen following a cyber breach. For companies with less than 500 employees the average cost of a data breach is almost 3 million USD. 61% of small and mid-size companies had a cybersecurity incident in the last year.
We Can Help:
JamKo IT Services provides Managed Security Solutions. Our Cybersecurity stack includes EDR (Endpoint Detection and Response to defend against malware), Patch Management, Data Backup, System Monitoring, Vulnerability Scanning, Web Security, Mobile Device Management, Email Security, Firewall Monitoring, and more.
We work with your business to meet all the requirements of your Cyber Insurance provider. Cyber Insurance applications have a litany of boxes to check before policies are issued. We help you through that process.
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