Applying for cyber insurance used to be somewhat straightforward. Now it feels a little bit like you’re applying for a mortgage while being interrogated by the FBI.
Insurance providers want to see the whole picture when it comes to your cybersecurity. Honestly, they should. There have been many Ransomware attacks and data breaches lately; if your business doesn’t have adequate security measures in place, then you will cost insurers money.
One of the most significant items we are currently working on with our clients at Risetech Partners is Multi-Factor Authentication (MFA). If your staff continues to log into their important systems using only a username/password combination, I would guess that an insurer would not view this favorably.
Also important to insurers are backups. Having backups isn’t enough…insurers need to know that they can recover from those backups. “We think we’ve got it backed up” is not a disaster recovery plan.
Another area of importance that we’ve seen recently is cybersecurity training. Many times these types of incidents do not begin with a Hollywood style hacking scene…they typically start because an employee clicked on an odd looking email that was almost convincing.
At Risetech Partners we provide our clients with proactive solutions to these issues before they become an expensive problem or an insurance headache for them.
Typically the companies that receive the best results from their cyber insurance in 2026 are those that are taking a proactive approach versus reactive. Turning off & back on does not qualify as a cybersecurity strategy any longer.
Do you need help improving your cybersecurity or preparing your business for the requirements of cyber insurance? Contact us at Risetech Partners in Milwaukee for practical IT support and Managed IT services designed specifically for your business.