The adoption of an incident response plan is a major indicator to underwriters that an organization is sophisticated and understands that incidents do occur regularly within firewall perimeters and that the organization has an early detection, containment and eradication plan in place to manage incidents, thus protecting data more effectively.
Early detection minimizes the time that an intruder can spend inside the system and limits the access to critical data, which, in turn, minimizes the resulting fraud and identity theft loss. In addition, implementation of an incident response plan is indicative of senior stakeholder endorsement of a culture of security within the organization, which is a key focus of underwriters’ current examinations.
- How to Create an Incident Response Plan.
- How an Incident Response Plan Can Reduce Your Cyber Insurance Costs.
- How Having an Incident Response Plan Can Assist with Risk Shifting Strategy in Obtaining Effective Cyber Liability Coverage.
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For more information, contact Kathy Major, Director of Marketing, at (216) 706-3958 or email@example.com