{% set baseFontFamily = "Open Sans" %} /* Add the font family you wish to use. You may need to import it above. */

{% set headerFontFamily = "Open Sans" %} /* This affects only headers on the site. Add the font family you wish to use. You may need to import it above. */

{% set textColor = "#565656" %} /* This sets the universal color of dark text on the site */

{% set pageCenter = "1100px" %} /* This sets the width of the website */

{% set headerType = "fixed" %} /* To make this a fixed header, change the value to "fixed" - otherwise, set it to "static" */

{% set lightGreyColor = "#f7f7f7" %} /* This affects all grey background sections */

{% set baseFontWeight = "normal" %} /* More than likely, you will use one of these values (higher = bolder): 300, 400, 700, 900 */

{% set headerFontWeight = "normal" %} /* For Headers; More than likely, you will use one of these values (higher = bolder): 300, 400, 700, 900 */

{% set buttonRadius = '40px' %} /* "0" for square edges, "10px" for rounded edges, "40px" for pill shape; This will change all buttons */

After you have updated your stylesheet, make sure you turn this module off

What is Cyber Insurance and Should You Add It to Your Budget for 2019?

by Jason Blalock on October 25, 2018

cyber insurance Whenever a new threat to person or property emerges, you can be certain that it won't take long for an insurance company to start selling policies - as we see in the emergence of cyber insurance.  No, this isn't insurance for your robots, although we're sure that's also coming soon.  Cyber insurance specifically protects against cyber-crime and the potentially-enormous costs that can be associated with even a minor data breach.  

With the average data breach in 2018 costing $3.86 million dollars, according to IBM, it's little wonder that companies are starting to opt for this form of protection.  Thus far, most buyers have been medium to large scale firms - that is, the ones with the most to lose.  

However, some companies are beginning to pitch cyber insurance to smaller operations.  But is it really worth it for a SMB?  Let's dig in.

Does Your Small Or Midsized Business Really Need Cyber Insurance?

Of course, the first question when it comes to getting insurance (of any type) is "What are the risk factors?"  There's little point purchasing a policy against something that's unlikely to affect you, like getting flood insurance in Nevada.

test your data security

When it comes to cyber-crime, there's lots of data, and lots of differing interpretations of that data.  However, one key factor is that it seems cyber-criminals do preferentially target medium-large businesses.  Those are the businesses that A) are likely to have reasonably large amounts of customer data, but B) may not have sufficient IT staff or security measures in place.  Companies with something like 500-1000 employees are probably at the highest risk.

In addition, medical companies and organizations are at particular risk.  Medical databases are basically the motherlode for data thieves.  In addition, since many medical operations are on tight budgets, they often have insufficient network security or untrained staff.  

So, without even getting further into the topic, if you are a mid-sized medical organization, you definitely want cyber insurance.

For everyone else, though...  it's questionable.  The big issue at the moment is that policy offerings are far from standardized.  Since cyber-crime is such a new and evolving threat, every insurance company which offers cyber insurance policies is doing so differently.   

Additionally, few policies out there are truly comprehensive.  They will usually have very tight restrictions on the type of crimes covered, the types of damages paid for, or both.  On top of that, they tend to have extremely strict requirements on your own standards and policies, and failure to comply with those requirements can lead to having the claim denied.

And then you're out the cost of the breach AND the cost of insurance.

Keeping Yourself Safe Is Still The Best Policy

If you feel your company is genuinely a target for cyber-criminals, or you handle particularly high-value data, there may be value in talking about getting a cyber insurance policy.  However, be prepared to do a lot of research and negotiate with plenty of sales reps before you sign up.

For everyone else, though, that money might be better-spent shoring up your own defenses.  Have you ever conducted a live network penetration test?  Hiring a group to directly test your system security, and report on any problems found, could easily be a more productive use of your money.

penetration test

To learn more about how you can affordably test and beef up your network security, just contact Hummingbird Networks.

Topics: Network Security, IT Services

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