Cyber crime is now one of the largest industries worldwide, costing companies a combined $100-billion or more each year. Small and midsized businesses are preferred targets because these attacks are automated, allowing criminals to easily infiltrate them with viruses and ransomware.
As a result, insurance carriers are leading the charge in security measures and have significantly increased the underwriting requirements of cyber liability coverage. Though requirements vary somewhat depending on the carrier, we know that they are all beyond what’s currently required under NAIC and various statewide regulations. New policy and existing policy renewals for cyber liability coverage will be impacted and meeting these requirements will likely include changes in process and the addition of new technology tools and management.
Watch the video to hear from Ryan Emerick, Client Experience Manager at Kite Technology on the latest regarding the changing cyber liability requirements. It is vital that you take the time to ensure that your organization is prepared to comply with the changing regulations.
Kite Technology’s security offering utilizes a comprehensive, multi-layered approach that ensures your business is protected, in line with best practices and meeting regulatory compliance. Our Cybersecurity Services are designed to provide organizations 24×7 cybersecurity threat detection and compliance reporting.
Our security engineers and client experience managers work closely with our clients to ensure that we are staying on top of their cyber liability carrier’s requirements and in compliance with any state or federal regulations they are subject to.
To learn more about how Kite Technology can help your business operate more securely and achieve compliance, please complete the form. A member of our team will reach out to schedule a complimentary consultation.
Kite Technology has earned the CompTIA Security Trustmark+ certification. The CompTIA Security Trustmark+ is the highest level of recognition for IT service providers that consistently follow security best practices, demonstrate a commitment to industry recognized security standards and adhere to prescribed security compliance measures.
Earning the CompTIA Security Trustmark+ offers our clients peace of mind–knowing that we employ industry best practices and tools to keep their business systems and data safe and secure. It also confirms our commitment to quality, assuring our clients that we have what it takes to help them meet their industry and government compliance obligations.
Protecting your business from modern threats requires a layered strategy. Are you missing critical components? Download our comprehensive checklist to learn how your organization is doing when it comes to security.
Learn more about Kite Technology’s Managed Security Services. Experience the peace-of-mind that comes with knowing Kite Technology is using industry best practices and tools to keep your business systems and data safe and secure and compliant.
The dynamic threat landscape has resulted in cyber insurance carriers to alter their underwriting standards, with many carriers increasing rates, limiting coverage, and limiting capacity for certain risks. Business technology requirements that need to be met in order to even qualify for coverage have also increased substantially.
Watch the webinar to learn more about the current cyber threat landscape and to get a stronger understanding of the technology requirements you and your clients will need to meet in order to purchase or renew your cyber liability policies going forward.
Cloud solutions architect
Adam is passionate about consulting with organizations across the country to help them develop and execute a cloud adoption strategy that meets their business needs and future objectives. Adam oversees and manages our company strategy for Microsoft 365 adoption and is responsible for future growth and development inside Microsoft 365 and other cloud technologies.