Part 2: Current Climate – Then and Now with Cyber Security Attacks and the Insurance Requirements

Part 2: Current Climate – Then and Now with Cyber Security Attacks and the Insurance Requirements

It was thought that only large companies needed to be concerned with cyber security risks in the past. However, with the introduction of smartphones and our reliance on computers and technology, individual consumers and small businesses need to take personal data security very seriously.

Present Day: The requirements for cyber insurance.

As mentioned in our previous blog, regarding cyber insurance and their rates, you're probably wondering what cyber insurance is and why it's so important. You've probably also been wondering why you should be paying for this coverage when plenty of other things could go wrong with your business.

Well, there are a few reasons:

  • Cyber attacks are becoming more common and more damaging.
  • Businesses that don't have the proper protection can suffer dire consequences from these attacks.
  • Cyber insurance can help protect your company's assets and its reputation in case something happens to your computer systems or website.

Here are some of the main tools that your insurance company will expect you to have in place, in order to be covered for these damaging cyber events.

MFA, Multifactor Authorization

You may think that you don't need to worry about cyber security attacks because you're not a big corporation or a company with much money. But the truth is that everyone has information on their computer that hackers can exploit.

A multifactor authorization uses two or more authentication methods to verify the identity of a user attempting to access a system. The most common methods used are:

  • Something you know (i.e., password)
  • Something you have (i.e., smart phone)
  • Something you are (i.e., fingerprint scan)

Endpoint security

Endpoint security is a term used to describe the security of individual computers and mobile devices. It is the first line of defense against cyberattacks and a critical part of any comprehensive cyber security strategy.

Endpoint security products can be installed on individual devices to help protect them from malware and other malicious software (or "malware").

A good endpoint security solution will protect your systems against sophisticated threats that target specific vulnerabilities in operating systems or applications and more traditional attacks such as ransomware or phishing.

Dark Web Scanning and protection

Do you know what the difference between then and now is? It's not just that our smartphones have evolved from flip phones to smartwatches or even that we can now pay for goods and services with a credit card swipe. No. This differentiator is crucial because of the growth in cyber security attacks occurring on websites across the web today.

These attacks are only expected to increase as criminals seek new ways to steal information or money from individuals and businesses alike. However, you can take steps today to prevent these kinds of attacks by looking at your insurance policies and making sure they cover everything your business needs them to—especially if your systems are in the cloud.

What is the dark web?

The dark web is a hidden part of the internet that is only accessible through special software such as TOR (The Onion Router). While there isn't much information about what exactly happens on this part of the internet publicly available due to its nature (you don't want people finding out where all those illegal activities happen), what we do know about it so far shows us how dangerous an area it actually could be for users who aren't careful when navigating through its websites — primarily since many criminals use these parts online as well!

This means if someone gets hacked while visiting one of these sites, there could be severe consequences like compromising your proprietary or customer data.

Employee, cyber security training and certification

Employees need to be trained on how to protect their data. If a business has many employees and the amount of information being stored by the company increases, it becomes even more vital for them to be adequately trained.

The best way for an employee to protect your company's data is by having them go through proper training in cyber security measures and then having them take an exam after they have completed their training before they are allowed access back into the system again.

Make sure that there is some certification that goes along with this process so that you know that person has been appropriately trained in what needs to be done when it comes down to protecting your company's sensitive information from hackers or other malicious individuals who want nothing but harm towards others while also trying to make money off stealing accounts or something else.


Datto is the world leader in backup systems. Datto can protect your data from any attack—it doesn't matter if it's ransomware or an accidental deletion on your end; Datto can restore your system within seconds. It’s easy to use, affordable, secure, and has 24/7 customer support, so you'll never have to worry about downtime or lost files again.

These are many, but not limited to/all of the pieces to obtain if you were to file a claim through your insurance in any of these Cyber-attack incidents. While these factors go hand in hand, and are key, as we say, doing something is better than nothing. Many companies feel that they simply cannot afford to take on additional insurance. This is a personal choice, obviously, but we highly recommend and encourage having these earlier mentioned tools in place. At KRS we cannot stress it enough, to at least be proactive with your network security. If ever you may have a question or concern in regards to your network security, we would be happy to assist. A live tech assistant can assist you via phone at, 201-932- 2696 or 201-879-6397. We can also be reached at