Roundup: Cyber Safeguards
Cyber safeguards are not only a requirement for maintaining coverage under your cyber insurance policy; they are also critical to protecting your firm from potentially significant losses and disruption.
In case you missed it, we have compiled a selection of recent articles to help you better understand the cyber safeguards required for coverage and to gain some insight into the types of cyber incidents CLIA is seeing, so you might avoid them yourself:
This blog showcases Bite Size CPD videos related to your cyber insurance coverage under the CLIA mandatory policy. The cyber policy contains several requirements for coverage, including multi-factor authentication (MFA), back-up storage, up-to-date patching and anti-virus software, installed and monitored firewalls, annual cyber awareness training, and email scanning for malicious links. The following videos explain the requirements in more detail and give practical advice related to multi-factor authentication (MFA).
Many cyber incidents are reported to CLIA that never materialize into a claim because effective preventative steps had already been taken, and appropriate mitigation strategies were implemented by the law firm. “Near miss” incidents are prime opportunities to learn what can be done to prevent cyber incidents before they occur.
Employees continue to be the most exploitable element of organizational security in Canada. Therefore, it is imperative that employees receive awareness training. This article provides access to training that has been approved by the cyber insurer.