International news

cyber insurance coverage – what you need to know

Journal of Accountancy, by Kevin Brewer

August 30, 2022

A cybersecurity specialist Mike Foster has been preventing “bad guys from logging in” for 25 years.

In this article he provides help to prepare business owners, CEOs, and IT professionals for the application and renewal process of cyber insurance coverage. Insurance companies ask many questions without necessary explanations and reasons for them.

Some of the most common questions that insurance companies might ask are discussed in the article, including why insurance companies ask:

  • If an organization uses two-factor or multifactor authentication?
  • If users are local administrators?
  • If an organization provides password management tools instead of being satisfied with users letting their browsers remember their passwords?
  • If an organization uses geo-blocking or geo-filtering?
  • If users are local administrators?

You can read the full article here.

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