Lower rates with cyber insurance: 5 tips for reducing risk

TLDR:

Key Points:

• Implement multifactor authentication (MFA) to enhance security
• Graduate your backups and implement security awareness training

In the article “Cyber Insurance Reduces Risk: Five Ways to Lower Your Rates,” the author highlights five key strategies to reduce cybersecurity risks and lower insurance rates. These strategies include implementing multifactor authentication (MFA) to enhance security, graduating backups and implementing security awareness training to empower the human firewall. The article also emphasizes the importance of bolstering endpoint detection and response (EDR) with Managed Detection and Response (MDR), as well as implementing a managed vulnerability program to manage vulnerabilities across networks. By following these strategies, organizations can improve their cyber resilience and address the challenges presented by annual questionnaires from cyber insurers with confidence.