Brandon Phipps’ Post

Even with the most advanced cybersecurity measures in place, there's no such thing as a completely foolproof system. That's why having cyber insurance as a safety net is more important than ever. When it comes to cyber insurance, you're essentially looking at two main categories of coverage: first-party and third-party. First-party coverage protects your own business when the unexpected strikes, helping manage immediate expenses like recovering lost data, repairing compromised systems, and covering any income lost while your operations are down. For instance, if you're hit by a ransomware attack, this type of coverage might handle the ransom payment, support you in restoring lost data, or even bring in cybersecurity experts to assess and resolve the damage. It's essentially a financial cushion that helps you bounce back faster without shouldering the entire burden. How prepared is your business for a cyber incident? #CyberSecurity #CyberInsurance #BusinessSafety https://hubs.la/Q02RrYpj0

Even with the most advanced cybersecurity measures in place, there's no such thing as a completely foolproof system. That's why having cyber insurance as a safety net is more important than ever. When it comes to cyber insurance, you're essentially looking at two main categories of coverage: first-party and third-party. First-party coverage protects your own business when the unexpected strikes, helping manage immediate expenses like recovering lost data, repairing compromised systems, and covering any income lost while your operations are down. For instance, if you're hit by a ransomware attack, this type of coverage might handle the ransom payment, support you in restoring lost data, or even bring in cybersecurity experts to assess and resolve the damage. It's essentially a financial cushion that helps you bounce back faster without shouldering the entire burden. How prepared is your business for a cyber incident? Do you have cyber insurance in place? #CyberSecurity #CyberInsurance #BusinessProtection https://hubs.la/Q02Rr_160

Even with the most advanced cybersecurity measures in place, there's no such thing as a completely foolproof system. That's why having cyber insurance as a safety net is more important than ever. When it comes to cyber insurance, you're essentially looking at two main categories of coverage: first-party and third-party. First-party coverage protects your own business when the unexpected strikes, helping manage immediate expenses like recovering lost data, repairing compromised systems, and covering any income lost while your operations are down. For instance, if you're hit by a ransomware attack, this type of coverage might handle the ransom payment, support you in restoring lost data, or even bring in cybersecurity experts to assess and resolve the damage. It's essentially a financial cushion that helps you bounce back faster without shouldering the entire burden. How prepared is your business for a cyber incident? Do you have cyber insurance in place? #CyberSecurity #CyberInsurance #BusinessProtection https://hubs.la/Q02Rr-Zv0

Think your small business is safe from cyber threats? Unfortunately, small businesses are increasingly on hackers' radar. A recent study by Verizon found that 43% of all data breaches with organizations now involve small businesses. With limited security resources, these businesses can become prime targets for cyberattacks. Common threats include ransomware, where hackers lock your data until a ransom is paid, and stolen credentials obtained through phishing or weak, reused passwords. Even something as simple as an outdated password policy or a missed software update can open the door to cybercriminals. Even with the best prevention strategies, no system is foolproof. That’s where Cyber Insurance comes in. While it can’t stop an attack, it helps you manage the fallout by covering legal fees, recovery costs, and any fines in the event of a breach. Plus, it provides essential resources like PR consulting, data forensics, and legal breach coaching to guide you through recovery. Read on to learn more about your risks and how a comprehensive policy can protect your digital assets: https://lnkd.in/gVZcKGYZ It’s never too early to protect your business—#GetCyberSafe and plug into comprehensive protection with Cyber Insurance today! #CyberMonth2024 #CyberTips #OnlineSafety

🔒💼 Wondering if your business is truly protected against cyber threats? Discover why cyber insurance isn't just a choice—it's a necessity. As cybercriminals target businesses of all sizes, safeguarding your operations with comprehensive coverage is crucial. This specialized insurance shields against financial risks, legal fees, and operational disruptions caused by cyber attacks and data breaches. Don't wait for an attack to find out how cyber insurance can secure your business's future and ensure peace of mind. Learn more about protecting your business today. 💻 https://lnkd.in/d3fSafxB #cybersecurity #taeyaar #msps #businessprotection #riskmanagement #cyberinsurance 💻🛡️

Yesterday, I had another enlightening discussion with Garrett Wymer about a fascinating yet concerning story. Stoli Group USA, the maker of Stolichnaya vodka, filed for bankruptcy this week. This situation is linked to various political and other issues, but what really tipped the scales was a ransomware attack from August. Here are the key takeaways from our conversation, even though the full details of the story aren't available: Incident Response Plan: All companies, regardless of size, need an incident response plan. If a company as large as Stoli Group USA struggles to recover, consider the impact on your business. Backups: Your plan should include regular backups of all critical data. It's essential to test data restoration before an attack occurs to ensure you can recover effectively. Cyber Insurance: This might not be as obvious, but cyber insurance is crucial. Consult with your insurance broker to understand how it can provide guidance and protection, offering resources and financial support when an attack happens. Your IT company usually can't sell you the policy, but they should help ensure you are answering questions accurately. A big thanks to Garrett and the entire FOX 35 Orlando, WOFL-TV team. I hope our discussion provided valuable insights for everyone! https://lnkd.in/eDYejBXq #CyberSecurity #Ransomware #IncidentResponse #BusinessProtection #Fox35News

Considering adding cyber insurance to your commercial policy? It's not just a trend – it's a necessity in today's digital landscape. Cyber attacks are on the rise, and businesses of all sizes are vulnerable to data breaches, ransomware, and other cyber threats. Cyber insurance provides financial protection against the costs associated with recovering from such attacks, including legal fees, notification expenses, and customer restitution. Don't leave your business exposed to these risks. Call us to discuss adding cyber insurance to your commercial policy and safeguard your digital assets and reputation. #CyberInsurance #DataProtection #CyberSecurity #BusinessInsurance #RiskManagement #SmallBusiness #DigitalAssets #InsuranceAdvice #CyberThreats #CommercialPolicy

🔐 “I disabled it. It’s too much of a hassle.” Sound familiar? You’ve probably heard this before. While 2FA is one of the simplest ways to secure accounts, many employees disable it for convenience. In their rush to get things done, security takes a back seat. But what happens next? Without 2FA, every login becomes a potential weak point. High-access accounts—like admin or finance tools—become easy targets for hackers. And worse? If a breach happens and 2FA wasn’t enforced, your cyber insurance may not even cover the damages. 🛡️ 𝗪𝗵𝘆 𝗺𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 2𝗙𝗔 𝗶𝘀 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹: - Who’s using it, and who isn’t? - Are critical accounts protected? - Have admins disabled it for convenience? Visibility isn’t a luxury—it’s the only way to stay ahead of these risks. Don’t just assume 2FA is on; know it. #CyberSecurity #2FA #AccessManagement #DataProtection #SaaSSecurity #FrontierZero

Considering adding cyber insurance to your commercial policy? It's not just a trend – it's a necessity in today's digital landscape. Cyber attacks are on the rise, and businesses of all sizes are vulnerable to data breaches, ransomware, and other cyber threats. Cyber insurance provides financial protection against the costs associated with recovering from such attacks, including legal fees, notification expenses, and customer restitution. Don't leave your business exposed to these risks. Call us to discuss adding cyber insurance to your commercial policy and safeguard your digital assets and reputation. #CyberInsurance #DataProtection #CyberSecurity #BusinessInsurance #RiskManagement #SmallBusiness #DigitalAssets #InsuranceAdvice #CyberThreats #CommercialPolicy

As a business owner, are you taking the right measures to protect your business online? Digitisation is now part of our day-to-day lives, and for businesses, cyber threats are now an all too common occurrence. Data security is a real concern, and now more than ever, business owners need to be proactive in implementing the right tools to protect their business. Security software and endpoint protection are crucial but they are not impenetrable. The most effective way of safeguarding your business is to obtain a cyber insurance policy to help you recover from cyber-attacks or data breaches whilst also having coverage for the many costs that can arise from a cyber incident. Not sure where to start? You can visit our website, and get quotes from the best cyber insurance providers in the UK! learn more at cybercover.uk #CyberInsurance #CyberAttacks #CyberCover