Understanding Cybersecurity Insurance: Basics for Growing Businesses

Описание: 🎥 Watch the full webinar replay:
Understanding Cybersecurity Insurance: Basics for Growing Businesses
📅 Originally aired December 13, 2023

In today’s threat environment, cyber insurance is often part of business continuity planning, but qualifying has become harder as carriers tighten requirements. In this webinar, Rob Schenk, Todd Whitley (ITS), and John Reith (DataStream) explain what growing businesses need to know before they apply or renew.

They discuss how applications have shifted from simple questionnaires to more detailed security reviews, and which controls commonly impact eligibility, including Multi-Factor Authentication (MFA) and immutable backups. The session also clarifies the difference between first-party and third-party coverage and explains why aligning day-to-day security controls with policy requirements helps reduce the risk of denied claims.

#cyberinsurance #riskmanagement #businesscontinuity #mfa #cybersecurity2025
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00:00 Welcome + housekeeping
01:05 Webinar topic + panel introductions
02:09 Today’s cyber threat landscape for SMBs
05:30 What’s changing in the cyber insurance market
08:03 What cyber insurance covers
08:57 Rider vs standalone cyber policy
11:34 Cyber crime coverage + rogue employee scenarios
14:03 Why specialists matter for the right policy
15:53 Do small businesses need cyber insurance
19:28 Cyber insurance + security stack working together
20:39 How to choose the right policy
21:34 Typical cost for a $1M policy
22:19 Common gotchas on insurance questionnaires
26:10 Real-world example: business email compromise wire fraud
27:47 Next steps: policy review + contact info
28:46 Q&A: employee security awareness training
29:35 Quick wins: MFA + training program
31:03 Q&A: how to test backups
31:45 Q&A: what to do during a cyber insurance claim
33:30 Wrap-up + upcoming webinar topics