Because of the sheer amount of information it holds, your insurance firm is a prime target for cybercriminals. Don’t let a cyber attack compromise your operations and name. Build your defenses now.
Xact IT Solutions remediates simple and complex cyber attacks. This ranges from prevalent scams, like fraudulent emails, ransomware incidents, and phishing, to more complicated cyber incidents, like MitM attacks, SQL injection attacks, and DoS attacks. Our team will give you a rundown during our consultation.
Yes, those three terms refer to different things. A cyber attack is an incident where a malicious action is taken against you, while a cyberthreat is simply the possibility of a cyber attack. Meanwhile, cyber risk is your insurance firm’s level of vulnerability to cybercrime. Our incident response plan reduces your cyber risk; deters cyber threats, and remediates a cyber attack.
If your insurance company has experienced any sort of cyber incident, please tell us during the consultation. The circumstances of past cyber threats and cyber attacks will help us understand your cyber risk better. We’ll assess the damage before we implement any service.
Ransomware attacks evolve, and cybercriminals know how to get more out of a business. As such, it’s more cost-effective to spend on an incident response plan rather than simply paying off the attackers.
The financial loss of your insurance company goes beyond a hefty ransom fee. It also covers the downtime costs and restoration procedures. Also, your firm has to ensure that the malicious actors left no traces that could serve as a springboard for a future attack.
More importantly, paying the ransom is not a guarantee you’ll get your data back. For insurance companies, it pays to have a cyber incident response plan.
We advocate for a culture of awareness in all insurance firms. The workforce would benefit from regular cybersecurity training so that they can detect and report cyber threats. Awareness campaigns could also prevent expensive mistakes from well-meaning employees. Cybersecurity is a company-wide effort.