Cyber Insurance Network Requirements

More and more Insurance Companies are splitting off Cyber Insurance from the regular policy. This new-age coverage is designed to protect your company in the event of an internal or external attack. Purchasing Cyber Insurance is crucial these days based on the number of sophisticated methods cyber criminals have at their disposal. From online scams, viruses and spoofed emails, employees are still taking the bait and falling into traps.

Below is a list of Cyber Insurance Network Requirements.

• Event Monitoring 

• Vulnerability Scans

• Virus and Malware Scanning

• Penetration Test

• Web Application Firewall

• Attack Surface Monitoring

• Dedicated Monitoring Staff 

Event Monitoring

This is performed with the use of an SIEM tool. SIEM stands for Security Information and Event Management. An SIEM tool collects and normalizes log data generated throughout the entire network and centralizes it. An SIEM can help you visually identify changes in user patterns and events most important to your organization. Live filters and historical searching capabilities allow you to see whats going on in realtime and view past activity.

Vulnerability Scans 

Vulnerability scanning is the process of identifying vulnerable computer, network and IT resources that can be targeted by Cyber Criminals. Running regular scans helps to inform you of any current risks and the effectiveness of your current security measures in place. Vulnerability scans also provide opportunities to improve your defenses through vulnerability remediation.

Virus and Malware Scanning

As written about in the Cyber Insurance Antivirus Requirements article, standard antivirus doesn’t cut it anymore. Endpoint Detection and Response, plus Advanced Threat Protection with Heuristic Capabilities need to be enabled and configured for the highest level of protection.

Penetration Test

These type of tests involve simulating cyberattacks against your own systems. This helps to identify vulnerabilities that could be exploited. Network penetration tests use various hacking techniques to identify holes in your security. These tests simulate the methods and approaches that a Cyber Criminal would use to gain access to the network.

Web Application Firewall

Web Application Firewall also frequently referred to as WAF helps to protect web applications by filtering and monitoring HTTP traffic between an application and the Internet. Its used to protect against cross-site forgery, cross-site-scripting and SQL injections. A Web Application Firewall operates through a set of rules and policies. These policies help to protect against vulnerabilities in the application by filtering out suspicious and malicious traffic.

Attack Surface Monitoring

Attack surface monitoring is the practice of monitoring systems for entry points that a Cyber Criminal might exploit to access your data. Attack surface monitoring is an approach to security that continuously identifies and monitors designated points of interest.