CFGI’s Post

The proliferation of third-party applications in insurance agencies has introduced new cybersecurity vulnerabilities that are often overlooked. While these apps can enhance efficiency and client engagement, they can also expose sensitive data if not properly secured. CyberFin specializes in application security assessments that evaluate the risks associated with third-party software and provide actionable recommendations to mitigate those risks. Our thorough evaluations help ensure that any applications used are compliant with your agency’s security standards, safeguarding client information from potential breaches. Imagine confidently using third-party applications while knowing they are rigorously evaluated and secured, enhancing productivity without compromising security. With CyberFin, you can effectively manage the risks posed by third-party applications. Are your third-party applications adequately secured? Start your security evaluation today with our Free Cybersecurity Assessment: https://lnkd.in/eKnwZqKV #Cybersecurity #Insurance #ApplicationSecurity #CyberFin #DataProtection

Should we charge for completing security questionnaires for customers? Yes! Cyber Insurance RFPs ISO 27001 Assessments Compliance / Security Assessments The list is long The list goes on, and on, and on..... OMG the pain is real. Charge for it, unless you've somehow built the cost into your support offering. And most importantly, answer it honestly - you're not helping your customer by answering it because you think it reflects badly on you. It doesn't - it looks bad on your customer - and its the fastest way to increasing their spend on cyber security. Anyway - gotta go, i've got another security questionnaire to answer for a client 😒

🔒 October is Cybersecurity Awareness Month – Protect What Matters with Trinity Underwriting! As cyber threats grow more sophisticated, businesses of all sizes are increasingly at risk. From data breaches to ransomware attacks, a single vulnerability can lead to devastating consequences. That's why Trinity Underwriting is here to help your clients stay secure with our Packaged Cyber Insurance Solutions. Our Coverage Includes: - First and Third Party Limits up to $5M - General Legal Advice Hotline - Data Breach Protection: Legal fees, notification costs, credit monitoring - Ransomware & Cyber Extortion: Financial protection against extortion demands - Business Interruption: Compensation for lost income due to a cyber incident - Regulatory Compliance Support: Assistance with data privacy laws and regulations Now is the perfect time to review your clients' cyber protection plans and ensure they’re covered for today’s threats. For inquiries or to get started, reach out to our team: [email protected] Let’s keep your clients secure and resilient!

Using a questionnaire to help underwrite cyber insurance… A questionnaire, required annually or more frequently, cannot accurately capture the metabolism of a client’s always-changing cyber risk posture. You’re expecting a point-in-time questionnaire to measure the frequency of always-changing, never-stable cyber exposures. (And revising your risk exposure and potential cyber losses from the answers to that questionnaire???) You’re applying analog logic to the Cyber Age world. Please don’t expect good results … #cyber #cyberunderwriting

Yes I'm a nerd. For cyber professionals though this is is good read. I particularly liked one of the concluding comments "...we found no evidence that would support mandating specific security controls, certainly no silver bullets..." This supports our view that our customers should not rely on one single control such as those pushed by their IT vendors. It's a holistic approach that must consider prevention, mitigation, response and recovery. https://lnkd.in/ez-jJJ48

Wondering where you are with Cyber Security? TLC Solutions has added an assessment to the website, https://lnkd.in/gimEHwkv it takes 4-5 minutes to complete. Did you know that, 85% of companies experienced one or more data loss incidents in the past year. Only 38% of companies have a Data Loss Prevention program. Over 50% reported a business disruption as a consequence.

Stay Protected! Discover how to safeguard your firm from evolving cyber threats in our eBook: "A Managing Partner's Guide to IT Security." #CybersecurityAwarenessMonth #SecureOurWorld https://bit.ly/3Nezpx2

Stay Protected! Discover how to safeguard your firm from evolving cyber threats in our eBook: "A Managing Partner's Guide to IT Security." #CybersecurityAwarenessMonth #SecureOurWorld https://bit.ly/3ZNsPVS

Digital scams and cyber attacks can cause immeasurable reputational damage and costs to businesses. DAS Businesslaw can help your business with your cyber security plan, with guides such as, - How to conduct a cyber health check - Insights on the 'top cyber risks for a small business' - Tips on preventing a data compromise - How to survive a cyber attack Businesses with DAS Legal Protection Insurance - check your policy details for guidance on how to access DAS Businesslaw online resource. DAS Businesslaw is for small businesses, the self-employed, and more. https://lnkd.in/ggWA5m8B

Cyber Insurance Readiness Tip #5: Patch management might seem like a routine IT task, but its impact on your cybersecurity posture is immense. With new vulnerabilities discovered daily, regular updates are your first line of defense against attacks that exploit outdated software. A structured patch management process ensures that all software and systems are up-to-date, reducing the risk of cyber-attacks and ensuring compliance with industry standards. #PatchManagement #CyberSecurity #CyberInsurance Want a cyber insurance readiness checklist to help prepare for or improve your existing cyber insurance rates? Just DM us and we'll send it to you!