Cyber insurance can help provide a financial safety net against a catastrophic loss caused by cyberattacks and other security-related incidents or breaches.
The most expensive component of a cyber-attack is information loss at $5.9 million. (Accenture)
Damage related to cybercrime is projected to hit $6 trillion annually by 2021. (Cybersecurity Ventures)
While there is no universal governance, most insurers
expect their clients to follow and maintain some basic
security practices without fail.
Security risk assessment – Regular IT security audits of your business will detect & identify vulnerabilities and areas with high potential risk, giving you the detailed insight needed to repair, resolve or contain threats or issues.
Patching strategy – Is there a patching strategy to keep the software up to date?
End-of-life software/OS – Are there any outdated software and OS in the network?
Security training for employees – What level of security training do employees have?
LG Networks works to keep you in compliance! We specialize in HIPPA, GDPR, Cyber Insurance, NIST (CSF), CMMC Assessment. So make sure to schedule your FREE Risk Assessment today and make sure to keep your business in compliance to avoid any penalties.