In today’s business environment, the importance of cyber insurance cannot be overstated. Technology has become increasingly integrated into businesses’ operations, making them vulnerable to various internal and external cyber threats. Any one of these attacks can result in heavy financial, legal, and reputational damage, so proper defense and response tactics are necessary. Along with implementing technical controls to mitigate these risks, cyber insurance has emerged as a key risk management strategy for modern business. However, the umbrella of cyber insurance encompasses various types of coverage, and businesses need to understand the nuances to implement effective insurance. This article covers the different types of cyber insurance policies that businesses must understand and how to choose the right one for their industry and size. This will help to demystify the complexities of cyber insurance, making it easier to choose the ideal type.
Navigating the complex world of business partnerships and external collaborations requires a solid strategy to safeguard your brand’s integrity. This type of strategy is known as a third-party risk management (TPRM) framework, and its importance has soared as businesses increasingly rely on third-party vendors and service providers. Utilizing TPRM can help ensure your business remains secure and your brand stays protected in an ever-evolving corporate landscape. This article will delve into the essentials of this critical aspect of contemporary corporate strategy, exploring its role, importance, and effective implementation.
IT program management often requires a complex balancing act of deadlines, priorities, and stakeholders. An ineffective approach translates into wasted time and money—and unhappy clients, organization leaders, and team members alike. Ultimately, the goal of any technical project is to achieve meaningful results, but the process used to get to the finish line can make a massive difference. Let’s delve into the tenets of IT program management, including the 10 most vital keys to a successful framework.
When it comes to mergers and acquisitions (M&A), information technology (IT) plays a multifaceted and central role. Robust IT strategies, including data management, cybersecurity, and more, help support successful M&A processes. Furthermore, when one company joins with another, a smooth transition requires considering the other company’s existing IT infrastructures, policies, and strategies. From due diligence to integration and beyond, IT stands as a key pillar in the M&A process. In this article, we’ll discuss the ways in which IT and M&As are connected, and how you can improve the M&A experience by handling IT intelligently.
Data is the driving force behind today’s modern enterprises. Companies store their customer’s data to gain insights into trends, acquire competitive advantages, personalize the user experience, create targeted marketing campaigns, and more. This data is easily the most critical asset for a business—but this also makes it the most targeted asset by cybercriminals. As threats against the confidentiality, integrity, and availability of data have become more advanced, the need for strong backup solutions has become essential. One of the most robust of these options is immutable storage, also known as immutable backups. In this article, we go over the numerous benefits this control offers for cybersecurity and other fields, and explain why it is such a useful strategic tool.
Cybercrime and data breaches have become more common as companies increasingly rely on technology for their business operations. Even worse, the impact of data breaches is not limited to direct financial loss, but also extends to reputational damage in the long run. In response to the growing danger of ransomware, DDOS, malware, hacking, and other cybercrime, companies have implemented various types of security controls. This list includes cyber insurance, which has become popular over time. In this article, we explain cyber insurance and discuss what types of incidents are covered in a typical cyber insurance policy.
