Cybersecurity Insurance Readiness Review
Are you considering obtaining Cyber Security Insurance?
Are you are eligible? - do not need the 2nd RGA
CEO’s and CFO’s should meticulously assess their organization’s alignment with “Cyber Security Insurance” prerequisites before engaging with insurers. Here’s why:
⇒ GDPR Compliance: The “General Data Protection Regulation (GDPR)” and all other National Data Privacy and Protection Laws mandate robust data protection practices. Insurers scrutinize GDPR adherence to evaluate risk.
⇒ HIPPA Security Rule: Safeguards electronic protected health information through administrative, physical, and technical measures ensuring confidentiality, integrity, and security.
⇒ NIST Cybersecurity Programs and Critical Infrastructure: NIST’s guidelines provide a solid foundation for robust cybersecurity. Insurers gauge an organization’s NIST alignment to assess risk mitigation efforts.
⇒ PCI Security Standards: Protect cardholder data during processing, storage, and transmission, ensuring secure transactions through compliance with industry-driven guidelines and controls.
The Critical Role of Cyber Insurance in GDPR, HIPPA, NIST, & PCI Standards
Cyber insurance plays a crucial role in GDPR, HIPPA, & NIST compliance, offering protection against most potential fines and legal costs arising from data breaches, whereas a non-compliant organization may face coverage gaps or exclusions.
Proactive compliance ensures favorable policy terms, adequate coverage, and effective risk management. CEOs and CFOs must prioritize this due diligence to safeguard their organization against cyber threats or risk being declined cover altogether.
Inception’s Cyber Security Readiness Review will evaluate your current Cyber Security and Data Protection posture through a series of on-line interviews with the people handling the IT, HR, DPO and Security roles in your organization and provide you with a Compliance Statement & Gap Analysis within two working days.
Want To Receive a Proposal?
If you would like to receive a proposal for our Cyber Security Insurance Readiness Review, you will receive a proposal within one working day. We would then process an NDA before proceeding further for your and our compliance.