These days, having ransomware protection for your business isn’t a “nice-to-have,” it is an essential element to ensure successful day-to-day operations. And this shouldn’t come as a surprise—not a day goes by that we don’t hear of a significant ransomware episode that creates a large payout or brings a business to a standstill.
Today, cyber-attacks have become more commonplace, and the hackers have become better. However, cyber security has become better as well, and today you have more ways to shield your business than ever before.
Don’t wait for your company to become the next cyber-attack headline. North Star provides several solutions to help protect against these attacks.
Cyber Security Insurance
Cyber security insurance provides financial protection in the unfortunate event of a successful cyber-attack. This can include coverage for the cost of restoring lost or damaged data, as well as the cost of hiring a crisis management team to handle the aftermath of an attack. Just like any insurance policy, there are requirements that must be met for the claims to be paid. These requirements are at the core of the services North Star provides, and typically include maintaining proper security controls such the anti-virus software, establishing firewalls, and regularly backing up data.
In addition to protecting against ransomware attacks, in order to diminish risk and financial exposure, businesses must consider compliance with various regulations, such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS). These regulations set standards for protecting sensitive personal data that may be shared with your company as a matter of a typical business transaction.
Failure to comply with these regulations can result in significant fines, and as a result has attracted a legal industry looking for the smallest violation they can litigate. As part of a comprehensive IT services strategy, North Star implements the necessary controls and regularly monitors for compliance. This includes providing regular security assessments, and employee training on proper data handling procedures.
Managed Detection and Response
Managed Detection and Response (MDR) is a step above anti-virus protection and provides a proactive approach to detecting and responding to cyber-attacks. Our MDR solutions use advanced analytics and threat intelligence to detect and respond to cyber threats in real time. This can include blocking malicious traffic, quarantining suspicious files, and providing alerts.
Due to the sophistication of these attacks, the anti-virus software protection and MDR solutions are key elements of any company’s cyber security plan. And while there can be no guarantees against a ransomware attack, having these systems in place and managed properly is a key requirement from most insurance companies to provide the next level of protection—supplemental cyber security insurance.
Protecting against ransomware attacks and providing proper processes and systems is an essential part of any company’s success. It’s a multi-faceted approach that requires a combination of technological solutions and sound security practices. North Star plays a vital role in providing these solutions, protecting our clients against this growing threat.
Not only are we ready to assist your company in obtaining supplemental cyber security insurance, but our staff is ready to ensure that you are compliant with relevant regulations to minimize risk.