Scott Saldinger’s Post

Join the conversation on cyber insurance as we expand our capacity to address growing threats in the market. 💼💻 Stay protected - learn more today. #CyberInsurance #RiskManagement #BusinessSecurity #b4einsurtech #inclusiveinsurance #innovation #digitalinsurance #cyberinsurance https://wix.to/bTIYEYA

Cyber insurance can help protect your business, customers, and other parties from financial losses. Talk to ARMA Insurance Brokers about cyber packages to protect your valuable business data and get maximum protection for your business. https://lnkd.in/gphRt3gq #Cyber #Insurance #Broker #CyberSecurity

65% of SMBs hit with a cyberattack fail within 18 months! Is your business prepared to navigate the evolving cyber insurance landscape? As cyber threats continue to escalate, securing insurance coverage is more critical than ever. Our latest blog explores the challenges facing many SMBs, from the lengthy application process to rigorous insurer demands. Learn how partnering with a Managed Security Service Provider (MSSP) can help your business safeguard against cyber threats and ensure compliance.  Contact TTCG for guidance protecting your organization and simplifying the cyber insurance acquisition journey.  #TotalTechCanHelp #BusinessContinuity #CyberSecurity #CyberInsurance #MSSP #RiskManagement #BusinessSecurity #SecurityStrategy

Simply having cyber insurance coverage doesn’t ensure a payout. Meticulous record-keeping, proactive cybersecurity measures, and regular policy reviews ensure smooth claims processing. Need help optimizing cyber insurance coverage? We’re here to assist. Drop us a message. 🌐 Visit us at BigUComputers.com 📞 Call us at: 570.340.0800 #CyberInsuranceInsights #RecordKeeping #ProactiveCyberSecurity #PolicyReviews #SmoothClaimsProcessing #OptimizeYourCoverage #CyberRiskManagement #InsuranceAssistance #BigUComputers #CyberSecurityAwareness #InsuranceTips #BusinessProtection #CyberClaimSupport #InsuranceOptimization #StaySecured #RiskPrevention #CyberPolicy #BusinessContinuity #SecureYourBusiness #ContactUsForHelp

It may seem strange to think about reasons why businesses shouldn't buy Cyber, but it is important to be aware of the details that matter when approaching coverage for one of the more active areas of exposure for professional services firms.

CyberCube's Alex Tenenbaum recently joined an AM Best-hosted panel to discuss the rising significance of cyber insurance amid a surge in major cyber events. This uptick highlights the growing awareness and need for robust cyber insurance solutions. For more insights, check out the detailed write-up from Cyber Risk Insurer. https://hubs.ly/Q02NkflD0 #CyberRisk #CyberInsurance

A quarter of cybersecurity professionals at mid-market firms in the UK said insurers lack expertise in the field, while only 19% said they have had a positive experience with cyber insurance, according to a poll by cyber insurer Coalition. Following a survey of 500 IT security leaders at mid-size businesses with turnover between £100m and £1bn, Coalition said many respondents are “wary” about cyber insurance and “underwhelmed” by products on offer. 👉https://ow.ly/Lps450Sp7eB #cyberinsurance #cyber #coalition

A quarter of cybersecurity professionals at mid-market firms in the UK said insurers lack expertise in the field, while only 19% said they have had a positive experience with cyber insurance, according to a poll by cyber insurer Coalition. Following a survey of 500 IT security leaders at mid-size businesses with turnover between £100m and £1bn, Coalition said many respondents are “wary” about cyber insurance and “underwhelmed” by products on offer. 👉https://ow.ly/6Fxo50Sp7ex #cyberinsurance #cyber #coalition

76% of Companies Improved Their #Cyber Defenses to Qualify for #Cyber #Insurance, Sophos Survey Finds. Recovery Costs from #Cyberattacks Outpace Insurance Coverage. “The fact that 76% of companies invested in cyber defenses to qualify for cyber insurance shows that insurance is forcing organizations to implement some of these essential security measures. It’s making a difference, and it’s having a broader, more positive impact on companies overall. However, while cyber insurance is beneficial for companies, it is just one part of an effective risk mitigation strategy. Companies still need to work on hardening their defenses. A cyberattack can have profound impacts for a company from both an operational and a reputational standpoint, and having cyber insurance doesn’t change that.” Chester Wisniewski https://lnkd.in/erEUNNrg

Many businesses make the mistake of thinking that once they have cyber insurance, they’re fully protected. However, the reality is that cyber insurance has its limitations. It might cover some financial losses but won’t repair your reputation, recover lost customers or undo the damage caused by a breach. That’s why investing in robust security measures is crucial to minimizing the likelihood of an attack and mitigating its impact. Don’t rely solely on insurance to protect your business. Implement strong security measures to reduce the risk of a breach in the first place.