October has been designated as Cybersecurity Awareness Month since 2004, and it encourages insurance professionals to remember the importance of cybersecurity in the modern world. In an era defined by digital transformation, everyone is increasingly reliant on technology, making it more susceptible to cyber threats than ever before. Hence, understanding the significance of both Cybersecurity Awareness Month and cyber insurance is imperative.
It’s important for organizations to reinforce their cybersecurity practices not just in October, but throughout the year. With cyberattacks becoming more sophisticated and frequent, being proactive in safeguarding sensitive data is essential. Cyber insurance plays a pivotal role in this regard, offering financial protection and resources in the event of a breach or attack. It’s not just an option but a necessity for insurers to mitigate the risks and potential damages associated with cyber threats. As the insurance industry continues to evolve, embracing cybersecurity awareness and robust insurance coverage becomes an inseparable duo in safeguarding the digital landscape.
That’s why we offer a cyber risk management tool through our Business Resource Center for all of our insureds and customers, as well as cyber risk coverage on several of our products. eRiskHub® empowers organizational leaders to prepare for cyber-related disasters. It was recently updated to provide cyber risk assessments to learn how prepared an organization is to defend against modern-day cybersecurity threats. Interested in learning how you can utilize eRiskHub®?
If you need an access code for a policyholder, please contact Meredith Bennett.
Our cyber coverage varies from small sublimits of data breach response expenses to robust cyber coverage that includes bricking and crypto-jacking. To learn more about our offerings, log in to insurance.usli.com using your USLI username and password, and access our product pages.
