Cyber insurance: How Brigantia helps organisations meet requirements

As businesses increasingly recognise the need for robust cybersecurity, the demand for cyber insurance is rising. However, to secure coverage or make successful claims, organisations must meet specific requirements. Brigantia’s curated vendor portfolio addresses the latest cybersecurity threats, helping businesses meet these insurance criteria. This blog explores the growth of cyber insurance and what businesses should consider when purchasing it.

The growing cyber insurance market

According to the government’s 2024 cybersecurity breaches survey, 43% of businesses were insured against cybersecurity risks in 2023, an increase from the previous year. This number rises to 62% for medium businesses and 54% for large businesses. The growth is driven by increased digitalisation, remote working, and sophisticated cyberattacks like phishing, malware, and DDoS attacks.

Why businesses are turning to cyber insurance

Cyberattacks can target businesses of any size. With technology integral to operations, the financial and operational impacts of breaches are significant. Cyber insurance provides peace of mind, covering potential losses and recovery costs. To ensure claims are honoured, businesses must meet insurer requirements, which often include the following:

Common cyber insurance requirements

1. Identity Access Management (IAM): Implementing MFA and other measures to prevent unauthorised access.
2. Network Security Controls: Demonstrating use of firewalls, intrusion detection systems (IDS) and intrusion prevention systems (IPS), and secure remote access.
3. Endpoint Detection: Showing proactive steps to mitigate endpoint risks.
4. Security Awareness Training: Educating employees about cyber threats to reduce risk and lower premiums.
5. Disaster Recovery: Having a robust backup and recovery strategy.
6. Vulnerability Assessments: Conducting regular assessments to identify and address security gaps.
7. Patch Management: Keeping systems up to date to protect against known vulnerabilities.

How Brigantia helps meet cyber insurance requirements

Brigantia’s vendor portfolio is designed to help businesses meet these criteria:

• IAM, Network Security, Endpoint Detection, Patch Management: Heimdal offers comprehensive security solutions, including antivirus, access management, email security, and patching.
• Security Awareness Training: KnowBe4 provides extensive training to strengthen security culture and reduce phishing risks.
• Disaster Recovery: Redstor’s InstantDataTM enables fast, efficient file recovery, minimising downtime.
• Vulnerability Assessments: Rootshell Security offers industry-leading vulnerability scanning and penetration testing to identify and address security gaps.

Protecting businesses now and in the future

With cyber threats evolving, meeting cyber insurance requirements is critical. Brigantia’s vendor portfolio enhances businesses’ cybersecurity posture, aligning with insurers’ expectations. Partnering with Brigantia ensures comprehensive protection for clients while satisfying insurance demands.

Discover more about our vendor portfolio by contacting our team