Cybersecurity In-Depth: Getting answers to questions about IT security threats and best practices from trusted cybersecurity professionals and industry experts.
To get the best out of your policy, do more than just sign on the dotted line.
Question: I bought cyber insurance, but I still worry. If I experience a breach or other security incident, how will the cyber insurance company be likely to weasel out of paying my claim?
Jeff Wichman, practice director, enterprise incident management at Optiv: In most cases, your cyber insurance company isn’t going to weasel out of paying a claim. My advice is to be prepared!
Your provider is going to have a specific process/requirement for engaging with them and outside resources for an incident. Follow that process, and take these steps to be better prepared:
Validate with your provider that your preferred partner is approved as either an on-panel or off-panel firm you can work with.
Update your incident response plan to include when and how to engage with your claim process. Now is the time to start building that into your documents.
Test, test, test your incident response processes using an applicable scenario-based exercise with your trusted third party. This can help you identify gaps in your efforts.
Do you have questions you'd like answered? Send them to [email protected].
Related Content:
About the Author(s)
You May Also Like
The fuel in the new AI race: Data
April 23, 2024Securing Code in the Age of AI
April 24, 2024Beyond Spam Filters and Firewalls: Preventing Business Email Compromises in the Modern Enterprise
April 30, 2024Key Findings from the State of AppSec Report 2024
May 7, 2024Is AI Identifying Threats to Your Network?
May 14, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024