Cyber insurance is a type of insurance that protects businesses from financial losses that can result from a cyberattack. While it’s an essential tool for businesses of all sizes, there are some facts you should be aware of before purchasing a policy.

I’m going to throw some names out at you: Target, Uber, Colonial Pipeline, Equifax, Twitter. I’m sure most, if not all of you know these household names… maybe with the exception of Colonial Pipeline. I myself had never heard of them until I was sitting in my car in line to get gas while vacationing in the Outer Banks of North Carolina. On the radio was playing the news of how Colonial Pipeline had suffered a severe network breach that allowed an attacker to launch ransomware on their systems, shutting down their fuel transmission operations to the Southeastern United States. Which by sheer luck, I happened to be in that neck of the woods and got to experience my first-ever gas shortage. All I knew was I needed gas, or I wasn’t going to be able to leave the beach! Wait… how is that a bad thing? I digress.

As the world becomes more digitized and cybercrime increases, the need for cyber insurance is something businesses should not overlook. If your company handles, transmits or stores sensitive data, you need to know about cyber insurance.

When looking for cyber insurance for your small business, you may find it hard to navigate technology and insurance jargon. There are even different types of cyber coverage and you might not be sure what you need because you’re not a cybersecurity expert. Plus, once you do have coverage, there’s always the risk of not receiving a payout in the event of an incident if you didn’t meet your policy’s requirements.

As the world increasingly moves online, so do the risks to our businesses. Cyber insurance is one way to help your business recover following a cyberattack. It covers financial losses caused by events such as data breaches, cyber theft, ransomware, and more.

Recently, we explored the Open Web Application Security Project (OWASP) Top 10 (Allergic to Bees? Don’t Get Stung by the OWASP Top 10) by looking at what it is and why it matters.  Then we took a closer look at one area of the Top 10 – Security Misconfiguration. Next in line for a deeper dive is Security Logging and Monitoring Failures.  This particular category is in place to help detect, escalate, and respond to active breaches.

Security Misconfiguration

Last week we touched on the basics of the Open Web Application Security Project® (OWASP) and why it should be used as a source of information for keeping your web applications secure.  This week we are going to touch on one particular vulnerability from the OWASP Top 10 Web Application Security Risks - Security Misconfiguration.

Let’s face it.  If you haven’t had a security incident within your organization, you will.  Are you prepared?  An IRP is a plan or playbook that needs to be established and practiced on a normal basis.  When a breach happens, this is your playbook of who, how, and what steps to take to protect your organization and minimize impact. Let’s break down the steps of an Incident Response Plan (IRP). 

Secure your Organization with the NIST Blueprint

Breaches are at all time high.  Over 50 billion devices are connected to the internet.  Some of them are secure, and some of them are not.  Which category does your organization fall into?

Even organizations with solid cybersecurity programs will have findings from a security assessment.  After all, cyber attacks and attackers continue to learn and evolve, always trying to be one step ahead of their prospects.  Through our years of performing security assessments, here are the Top 5 areas that we have found to need remediation work post-assessment.

This month’s release of the much-anticipated CMMC 2.0 left many of us in the world of cybersecurity shaking our heads.  We have been working diligently with the defense industrial base for several years now, even before the CMMC was created, to stop the bleeding of our defense secrets to our adversaries.  As a veteran and a Patriot, I, along with many other Americans, take this very serious problem personally. 

How much does your business rely on technology to keep your organization running forward? As business technology becomes more complex, it’s becoming increasingly popular for organizations to have their own internal IT departments to manage and maintain it. Yet, small businesses don’t often have the necessary funds for such a feat. How can your company afford quality IT service? You can start by pursuing managed IT solutions from a managed service provider.

Data security isn’t a matter to be taken lightly, as too many businesses have found out the hard way. Unfortunately, there are far too many simple ways to correct common security issues - enough that it’s foolish not to do so. We’ll review a few ways to fix security issues, after discussing one of, if not the, most egregious security failings in modern history.