Cyber Insurance Advisory
An effective cyber security strategy includes a plan for risk transfer techniques to mitigate future losses to your enterprise value.
We partner with you and private insurance firms to implement risk transfer and insurance programs.
First Party Insurance
-
Cyber attacks caused by human error from employees within an organization.
-
Data breaches and financial loss occur as a result of malware, ransomware, denial of service, and social engineering attacks.
Transferring your risk to a third-party such as an insurance company helps to mitigate the financial loss to your enterprise.
Third Party Insurance
-
Cybercriminals are increasingly targeting organizations by exploiting vulnerabilities in their less secure third-party vendors and partners who have access to the primary target's systems or data. An alarming 98% of organizations report having at least one third-party vendor that has experienced a data breach.
-
Data breaches and financial loss occur as a result of malware, ransomware, denial of service, and social engineering attacks.
Transferring your risk to a third-party such as an insurance company helps to mitigate the financial loss to your enterprise.
Cyber Extortion & Ransomware
-
Data breaches to sensitive information occur which is held hostage by threat actors until a ransom is paid.
Ransomware payments alone are predicted to cost over $265 billion annually by 2031.
-
Data breaches and financial loss occur as a result of the extortion attack.
Transferring your risk to a third-party such as an insurance company helps to mitigate the financial loss to your enterprise.