HHS 405(d) is an excellent resource that provides cybersecurity and cyber risk guidance for not only healthcare organizations, but all organizations. HHS 405(d) released the following resource for cyber insurance.
Before getting to the resource, however, there are two critical things you must know about cyber insurance:
- Your organization must have it.
- For incident response planning and preparation, your organization must understand and work within the requirements of your cyber insurance policy. See this post for explanation: 2 Critical Cyber Insurance Issues All Companies Must Consider Now, Before an Incident!
New 405(d) One-Pager: How to Implement Cybersecurity Insurance
For Small and Medium/Large Organizations!
Download the Resources Below!
Cyber Insurance is an option that can help your organization protect against losses resulting from a cyber-attack. Cyber insurance is an on-going partnership between you and your insurance company, used to continually improve your organization’s security and ensure that needed protections are present and available in the event of a cyber attack.
Why is it important? Due to the increase in targeted attacks on the HPH sector, added protection can potentially keep your doors from shutting down if you are a victim of a cyber attack. Cyber insurance can help protect your organization from excessive costs that can occur in the event of a cyber attack.
Not sure where to start? We’ve got you covered! We have created “How-to” resources one for small and one for medium and large organizations so that you can start implementing cyber insurance best practices today!
Cybersecurity insurance helps protect businesses from financial losses due to cyber threats, such as data breaches, computer attacks, and ransomware. It covers costs like legal assistance, investigators, and customer credits. Policies vary, so businesses should carefully review policy details. The cost of cyber insurance depends on factors like the size of the organization and annual revenue. To qualify for coverage, businesses may need a security audit. While some businesses may choose to forego cyber insurance, it can be essential for mitigating financial and reputational damage. Small businesses, in particular, can benefit from cyber liability insurance as they are an attractive target for cybercriminals.