Who monitors your IT team?
Published: Monday, 20 March 2023
Our natural inclination is to leave IT matters to the experts
Are you delegating too much responsibility?
Cyber threats are evolving rapidly and it's useful to have an independent check
Our workplaces have an even greater reliance on technology due to a significant percentage of the workforce working remotely. The cyber threat landscape is evolving, bringing new threats as hackers try to remain one step ahead of the game.
This raises the importance of cyber security - it is essential that robust cyber risk management is in place to protect a business from a cyber- attack. IT teams are having to adapt very quickly to ever changing and, potentially, very damaging threats to a business.
A cyber insurance policy should be part of your cyber risk management programme. This includes working with various stakeholders in an organisation and most importantly……. the IT teams.
How can Cyber Insurance help?
- Collaboration
- Immediate Access to a Panel of Experts to Manage a Cyber Incident
- Improve Cyber Resilience
- Independent Overview of Cyber Maturity Levels
- Monitoring of Computer Systems
- Online Training
- The Human Factor
Insurers work with IT teams to improve awareness and knowledge of cyber threats through their experience of dealing with cyber-attacks.
This provides valuable support for IT teams allowing them to juggle incident support with their day-to-day responsibilities.
As part of the on-boarding process to effect coverage, insurers require certain minimum controls to be in place, which improves cyber resilience.
Insurers provide an impartial overview of cyber security process and processes that are in place.
Several insurers now also provide threat monitoring of computer systems during the policy period, giving alerts to critical issues.
This can be provided to employees dealing with issues such as how to deal with phishing techniques that cyber criminals use.
It is impossible to legislate for an error that an employee can make which might result in a data breach. A cyber insurance policy provides support and guidance in notification to the ICO to ensure compliance comply with GDPR legislation.
Working with a cyber insurer provides a useful independent check on your resilience
A cyber insurance policy not only provides a financial indemnity on a third and first party basis but provides access to independent expertise and resources. Our IT network manager summarises it by saying that “having Insurers input to cyber resilience helps, and avoids us having to mark our own homework.”
Colin Fox
Cyber Insurance Consultant, Ntegrity
colin.fox@ntegrity.co.uk
