Insurers are becoming increasingly aware of the costs of cybersecurity claims. Expect your coverage to become increasingly limited. While cybersecurity insurance is critical to your business, it cannot and should not be the only step you take to protect your company against a cybersecurity breach. Protective measures such as 2-Factor Authentication, VPN and DNS protection for remote workers, patch management, image-based backups and next generation managed antivirus are just a few of the services that are critical for any small business.
This article from Threatpost explains how one of the biggest insurance companies is reducing its coverage for cybersecurity breaches.
