{"id":458,"date":"2024-03-11T14:18:41","date_gmt":"2024-03-11T14:18:41","guid":{"rendered":"https:\/\/rm73v2idht.onrocket.site\/?p=458"},"modified":"2024-03-11T14:18:41","modified_gmt":"2024-03-11T14:18:41","slug":"maximizing-your-cyber-insurance-understanding-the-full-range-of-protection","status":"publish","type":"post","link":"https:\/\/blog.integrityfirstins.biz\/?p=458","title":{"rendered":"Maximizing Your Cyber Insurance: Understanding the Full Range of Protection"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Cyber Insurance Q&amp;A with Don Ivol\" width=\"584\" height=\"329\" src=\"https:\/\/www.youtube.com\/embed\/ZajKvazbyNA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Most of the calls I receive about cyber insurance are for Fraudulent Funds Transfer.&nbsp; This seems to be what the caller is most interested in and for good reason especially if your profession is in the area of law, real estate, or title\/escrow work.&nbsp; However the cyber policy is much more than just fraud transfer coverage.<\/p>\n\n\n\n<p>The policies are usually what I consider a program or a suite of coverages made up of first and third party benefits and a strong risk management team.&nbsp; Several of the carriers that write cyber insurance will perform or run an analysis of your website\/online presence and identify weakness that exists and exposures that may lead to a cyber attack or event.&nbsp; The carrier prepares a report that will not only identify the weakness but will also offer suggestions on how to correct or eliminate the exposure.&nbsp; They also will rank or compare your cyber situation and scan results to other companies of similar size and industry. Allowing you to see if you&#8217;re keeping up with others in your industry in keeping your business, your clients and your customers safe from cyber attacks.<\/p>\n\n\n\n<p>Other benefits provided by most cyber policies include: Notification costs.&nbsp; Did you know that the government requires you to notify your customers in the event you have a cyber attack and personal\/confidential data is compromised?&nbsp; Think of how many files you have.&nbsp; It won&#8217;t be cheap to notify and complete this task.&nbsp; Ransomware.&nbsp; Think you&#8217;ll never become a victim of this because your office is too small, and you don&#8217;t have or keep large amounts of personal confidential information? Think again.&nbsp; Everyone is a target for this type of claim.&nbsp; A hacker breaks into your computer system and stops your ability to use it or shuts down the entire system unless you pay XX amount of dollars.&nbsp; How long can your office run with no access to your computer system?&nbsp;&nbsp;<\/p>\n\n\n\n<p>Fraudulent transfer of funds, risk management team services, strong claims team, notification costs and Ransomware coverage only scratches the surface of what coverages\/benefits are provided in most cyber policies.&nbsp; Although you may only have interest in one or two of these you need to be aware of all the coverages available to you in your cyber policy.&nbsp; Rarely in a cyber claim is only one benefit\/coverage part triggered.&nbsp; Usually several parts come into play.&nbsp; Don&#8217;t short yourself by not knowing all of the coverages and assistance that is available to you under your policy.&nbsp; Read it and call your broker, and or the risk management team of the program with your questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most of the calls I receive about cyber insurance are for Fraudulent Funds Transfer.&nbsp; This seems to be what the caller is most interested in and for good reason especially if your profession is in the area of law, real &hellip; <a href=\"https:\/\/blog.integrityfirstins.biz\/?p=458\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-458","post","type-post","status-publish","format-standard","hentry","category-cyber-liability-insurance"],"_links":{"self":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts\/458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=458"}],"version-history":[{"count":1,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts\/458\/revisions"}],"predecessor-version":[{"id":459,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts\/458\/revisions\/459"}],"wp:attachment":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}