Thinking About Cyber Insurance?  Receive a Free Risk Assessment to Learn More

If you are considering cyber insurance, now is a great time.  According to a recent Wall Street Journal article, it seems demand has cooled off a bit after a surge in ransomware attacks in recent years propelled a steep rise in premiums.  Prices, while not dropping, are rising less quickly than in recent years.  Why the plateau?

  1. Insurance companies have toughened underwriting standards that come with issuing new policies and have begun reviewing the defenses companies are putting up to thwart cyberattacks.
  2. Businesses have tightened security, with phony phishing emails to test for inattentive workers and multifactor authentication becoming commonplace. And more organizations are prepared to respond to insurers’ questioning.

If you are considering adding cyber insurance, BMT can help to ensure your organization has the necessary security measures in place to receive optimal pricing.  In addition, through our relationship with leading NJ Insurance broker Datastream, we can refer you to an organization that offers the most competitive rates in NJ.

Get started with a Complimentary Risk Assessment!  Through our partnership, we are offering a complimentary security overview.  Using just your website URL, we can provide a detailed report that shows where your weaknesses lie and how to best address.  Click here to view a sample report.