Cyber risk is the risk of financial loss, disruption and/or damage to the reputation of the organization due to the failure of its IT infrastructure. Many businesses today are lacking an appropriate cyber security strategy, a comprehensive disaster recovery strategy, and a proactive incident response strategy. Phishing, spoofing, ransomware and social engineering are the most common methods used today, making the threats hard for untrained employees to decipher. Possible outcomes? Your business could face third-party civil litigation, a damaged reputation, and a possible attack diverting payroll, leaving your employees unpaid.
Because cyber-attacks are constantly advancing, your cyber liability coverage needs to remain nimble — at resecō, we take a proactive approach to help our clients properly secure their infrastructure. Our full time IT Professional assess and informs our clients on the effectiveness of their in-house or outsourced IT staff, provides gap analysis, offers realistic and cost effective advice and solutions to protect the enterprise. By conducting an IT security assessment and educating their employees, our approach to cyber security works because a company’s staff is the first line of defense against cyber-crime. Having an up-to-date cyber security strategy is crucial to reducing the likelihood of an attack, and minimizing the impact of a breach or data loss. We help mitigate risk by providing best practice assessments, remediation, education, and technological resources to ensure our clients are in the best position to avoid exposure. Our goal is to reduce our clients’ chances of ever needing to use their insurance coverage.