Ransomware and cyberattacks increase on a daily basis. Because of this companies have looked to multiple tools to protect their most valuable assets – their data.
Business leaders today are faced with an untold number of options when researching cybersecurity tools. From network security firewalls to endpoint protection for all BYOT devices. One additional resource that has gained popularity over the last couple of years is the growing demand for Cybersecurity Insurance.
When evaluating Cybersecurity insurance options, business leaders are shown an ever-growing list of requirements to secure a policy. For example, a simple ransomware policy with basic coverage could be secured with a simple proof of anti-virus coverage. Policymakers are requiring more sophisticated, complete cybersecurity strategies as the number of cybersecurity threats grows.