Cyber Insurance 101: How to Save Millions of Dollars and Years of Recovering Your Business [Webinar]

With cybercrime on the rise, more businesses than ever are trying to secure a policy for the very first time. In the NordPass lead webinar: Cyber Insurance 101: How to save millions of dollars and years of recovering your business, security experts offer their insights on why cyber insurance should be a part of any business strategy and what steps companies should take to secure a policy.

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Advanced security tools such as NordPass Business can significantly improve your odds at securing a cyber insurance policy for your organization.

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Contents of this video:

▪️ Different ways to survive the “cyber wild west.” What are some of the most common types of cyberattacks we’ve seen on small and medium-sized businesses?

▪️ It’s not a matter of “if” a company will experience a cyber event, but “when”. What cyber insurance is? What it does and what doesn’t cover? What are the benefits of having a policy?

▪️ Why is it important for businesses to realize that insurance provides a long-term risk management strategy?

▪️ Does cyber insurance increase a company’s risk of being attacked or does it help to offset the impact of a cyber event or both?

▪️ What role does employee training and company policies play in helping to reduce cyber risks?

▪️ What are the weak points? How can an organization proactively address those vulnerabilities? Are there tools that can help companies do that?

▪️ When it comes to purchasing insurance, what are some of the questions businesses should ask insurers about their cyber coverage?

▪️ What is the future of cyber insurance?

▪️ AUDIENCE Q&A

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As we continue to witness the rise of cyber attacks and their severe consequences on businesses regardless of their size, it's no wonder that more organizations than ever are looking into cyber liability insurance as a way to mitigate potentially crippling risks that cyber incidents pose.

Generally, cyber insurance is designed to protect the organization from cybersecurity risks, privacy risks, operational risks, and service-related risks. It usually covers legal, PR, data restoration, and other expenses.

When applying for cyber insurance, companies are judged on their already existing security infrastructure. This often determines the price of premiums that a company will commit to. The better the infrastructure, the less you end up paying and vice versa. NordPass Business is one of those tools that could play a major role when you’re trying to secure a policy.

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NordPass Business is a solution designed to simplify password management processes for businesses without compromising security.

Designed with the user in mind NordPass Business offers an intuitive user interface, which facilitates quick and smooth user adoption regardless of IT expertise.

With NordPass Business you can keep your company one step ahead of a security breach. Easily enforce Password Policy. Check if any of the company’s passwords are vulnerable or reused with Password health. These and other security features ensure organizational security and significantly lower the risk of falling prey to a cyber attack.