Cyber Insurance: Are Your KRIs Compliant?

Okay, lets talk cyber insurance, specifically about whether your Key Risk Indicators (KRIs) are actually, yknow, doing anything useful.

Cyber Insurance: Are Your KRIs Compliant? - managed service new york

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Its not just about ticking boxes and hoping for the best, right?

So, youve got cyber insurance. Awesome! Youre covered... probably. But heres the thing: insurance companies arent just handing out money willy-nilly. They want to see youre trying to be secure. Thats where KRIs come in, but are they truly up to snuff?

Think of KRIs as your early warning system. Theyre supposed to flag potential problems before they turn into full-blown breaches that cost you a fortune and trigger your insurance policy. If theyre not doing that, well, youre basically just throwing money away (on monitoring that doesnt monitor anything).

Now, a lot of companies just pull some generic KRIs off the internet. "Number of virus detections," "patch deployment rate," yawn.

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These are fine... maybe. But are they relevant to your specific business, your risks, and your insurance policy requirements? Probably not as much as they could be!

Lets say youre a small e-commerce business. A KRI tracking the number of failed login attempts on your customer-facing website? Thats gold! managed it security services provider It could indicate a brute-force attack in progress! A generic "patch deployment rate" KRI? Less so. Its still important, sure, but not as directly tied to a potential insurance claim.

And its not just about what youre measuring, but how youre measuring it. managed services new york city Are you setting realistic thresholds? Are you actually acting when a KRI triggers an alert? Or is it just another email that gets buried in someones inbox? (Weve all been there!)

Your insurance company might even have specific KRI requirements. Read the fine print!

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They might want to see evidence of regular vulnerability scans, penetration testing, or even employee security awareness training. Ignoring these requirements could invalidate your claim!

So, before you renew your cyber insurance (or even if youre covered right now!), take a hard look at your KRIs.

Cyber Insurance: Are Your KRIs Compliant? - managed services new york city

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Are they truly reflecting your risk posture? managed it security services provider Are they giving you actionable insights? Are they aligned with your insurance policy requirements? managed service new york If the answer to any of those questions is "no," then its time to get compliant, my friend, and make sure those KRIs are actually working for you!.

Elevate Your Security: Mastering KRIs for Success