The average data breach costs businesses over $4 million. Under many circumstances, a scenario like this could be impossible to recover from. This is one of many reasons why it’s crucial to maintain insurance cyber security compliance.
This is especially true when outsourcing your IT responsibilities. We’ve compiled a brief guide with the key information you need. Let’s dive in.
Endpoint Detection and Response (EDR)
This integrated approach requires continuous monitoring of end-user devices to detect potential issues. For example, your EDR process could monitor every device across your company for signs of a cyber attack. EDR records all events and activities across relevant endpoints.
This provides security teams with powerful insight that can help them resolve issues before they get out of control.
Backup and Disaster Recovery Plans
Your company should have a solid plan for archiving data and dealing with disaster recovery. This often involves storing data on-site and remotely.
It’s important to rework your disaster recovery plan every few months or so. As time goes on, hackers develop new techniques and malicious software.
Methods that formerly provided comprehensive protection may become ineffective in the future. It’s essential to properly train your team, as well. This will help you adhere to your insurer’s cyber security compliance terms.
Privileged Access Management (PAM)
Carefully monitor privileged accounts at your organization. This will allow you to detect suspicious behavior as soon as possible.
If an incident does occur, you can quickly identify accounts that have been compromised. Time is of the essence in a scenario like this. Giving a hacker a few extra seconds could be catastrophic for your organization.
You can also rework privileges as time goes on. You might discover that certain employee roles no longer need access to certain data, for example.
Patch Management
It’s crucial to implement patches across your devices consistently. This will help eliminate vulnerabilities within your systems. The more frequently you can provide updates, the better.
As previously mentioned, hackers are working tirelessly devising new ways to compromise sensitive data. The last thing you want is to find yourself dealing with a ransomware attack due to a security flaw. This could substantially impact your insurance compliance.
Identity and Access Management (IAM)
Your company should implement least privilege policies to make unwarranted access more difficult. You should also have authorization and authentication measures in place. These can vary between businesses but typically include zero security, multi-factor authentication, etc.
Don’t Overlook Cyber Security Compliance
Maintaining proper insurance cyber security compliance can prevent issues you may have otherwise encountered. These tips will help you make the best decisions and keep your company on the right track.
Reach out to us today at Pegasus Technologies. We have locations in Wayne, PA, and Media, PA. Our expert team is ready to connect you with the best solutions.
