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The 10 Most Impactful Types of Vulnerabilities for Enterprises TodayManaging system vulnerabilities is one of the old est - and most frustrating - security challenges that enterprise defenders face. Every software application and hardware device ships with intrinsic flaws - flaws that, if critical enough, attackers can exploit from anywhere in the world. It's crucial that defenders take stock of what areas of the tech stack have the most emerging, and critical, vulnerabilities they must manage. It's not just zero day vulnerabilities. Consider that CISA's Known Exploited Vulnerabilities (KEV) catalog lists vulnerabilitlies in widely used applications that are "actively exploited," and most of them are flaws that were discovered several years ago and have been fixed. There are also emerging vulnerabilities in 5G networks, cloud infrastructure, Edge applications, and firmwares to consider.
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User Rank: Moderator
6/20/2017 | 1:12:18 PM
Second, the examples of social engineering, phishing and the lack of coverage should fall more on the insurance agent or broker that placed the coverage. While this coverage may not have been available in January of 2016 (Krebs Article), September of 2015 (BitPay), June of 2016 (PF Changs), and August of 2013 (Schnucks) they are currently available in the marketplace and have been for quite some time. This coverage is readily available from several insurance companies on a cyber liability insurance policy for most industries although the insurance agent may have to request the coverage to specifically be added. The truth is that a correctly written cyber liability insurance policy can respond to everything that was mentioned in the 10 bullet points outlined in the article. Also, many carriers are writing comprehensive policies that will cover everything with a minimum premium of $1,000 (less for some industries) with a deductible of $1,000 to start. This can include the cyber-crime coverage needed in two of the examples (Krebs & BitPay) linked to in the article.
I definitely agree that a company contemplating purchasing a policy should read the fine print; however, the first step should be finding an insurance agent or broker that understands the coverage. A cyber liability insurance policy should complement the risk management measures in place with the mindset of viewing the policy as a service. Many carriers will provide risk management services to a policyholder before and after an event with the goal of making their policyholder more secure.