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Eventually, governments will address the risk by beefing up security and purchasing cyberinsurance, which go hand in glove. Bandura Cyber complements existing firewalls and intrusion detection and prevention systems. Ransomware attacks against local government entities at some point will run its course.
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Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyberinsurance we’re seeing as a result. We do the same thing for firewalls. cyberinsurance as a whole was changing heavily.
Ever wondered what is covered and what is not in your CyberInsurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyberinsurance cover. Otherwise, the cyberinsurer will not offer any policy coverage.
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