Cyber insurance (also referred to as cyber liability insurance or data breach insurance) provides insurance coverage for events including data breaches, downtimes, and cyberattacks. Cyberattacks may include malware, ransomware, phishing, DDoS, hacking, insider threats, and more. Offerings and coverage will vary depending on the policy issuer.
Cyber insurance brokerages and underwriters recognize that privileged access security controls are foundational to every organization's security posture. Privileged access management tools significantly reduce risk and liability from external and internal threat actors
BeyondTrust Privileged Access Management can help you qualify for cyber insurance and get the best rates, while drastically reducing your cyber risk. BeyondTrust solutions protect privileges across all assets, including on-premises, multicloud, endpoints, and vendors.
Get your copy of the checklist to learn how BeyondTrust is used to satisfy cyber insurance security requirements.
Cyber insurer approval hinges on your ability to answer questions about the capabilities of your current security posture. In some instances, insurers may request further proof that the controls are in place. Here are some examples of insurance eligibility questions that BeyondTrust Privilege Access Management can help you answer affirmatively.
|Common Cybersecurity Insurance Requirements:||With BeyondTrust You Can Answer:|
|Have local admin rights on user's laptops/desktops been removed?||
|Can you confirm human and non-human accounts always abide by least privilege?||
|Do you have protections in place to protect remote access to the corporate network?||
|Do you manage privileged accounts using tooling/software solutions?||
|Do you use multi-factor authentication for remote network access originating from outside your network by employees and third parties (e.g. VPN, remote desktop)?||
This is a sample of common qualification questions, but specific insurance qualification criteria may vary from provider to provider.
Contact our team of experts to discuss your organization's unique circumstances and requirements, and learn how BeyondTrust can best fit your needs.
Cybersecurity Insurance Checklist