Cybersecurity seems to be the # 1 concern of all the business owners and organizations we serve at IP Pathways. Security is an ever-changing landscape and cyber insurance companies’ requirements are changing with it.
At one time, it was enough to have anti-virus on every device. Today it has become more complex than ever to protect your entire environment. The requirements in order to qualify or renew cyber insurance change annually. This is important coverage organizations need in place when a cyberattack happens, because it’s not a matter of if, but when an attack will happen and how much it will cost an organization.
The 3 major requirements that insurance providers have in 2023 are:
- Multi-factor Authentication. It requires a user to present a combination of two or more credentials to verify a user’s identity for login and can stop 99% of cyberattacks.
- SIEM (Security Incident Event Management) being monitored by a SOC (Security Operations Center) Using AI to detect abnormalities, the solution ingests logs and distills possible threats to one interface that a dedicated security team can vet and then remediate.
- Endpoint Detection Response is also known as EDR – is an endpoint security solution that continuously monitors end-user devices to detect and respond to cyber threats like ransomware and malware. EDR is now becoming more necessary. The pandemic forced a shift to remote work and opened up a host of vulnerabilities. Even as many return to work, businesses still need to support and secure, workers on-prem, hybrid, and remote.
At IP Pathways’ we strive to stay on the leading edge of cybersecurity. Our engineering team is continually educated on new products that come to market and vet them for our customers so we can deliver a security solution that provides more protection. We’ve learned that shortages in hardware and IT expertise have left many organizations vulnerable and we’re here to help organizations secure and protect using our layered security tool kit.