In partnering with cyber-security experts, we identify and analyze the cyber risks your firm faces and ultimately build a robust, nimble and practical cyber-security plan.
Controlling Cyber Security Risks
While the Internet has become a core component of modern business, it also poses a major vulnerability. Cyber-attacks have become all too common—ranging from simple denial of service attacks (DOS) to destruction of critical data, to sophisticated data thefts. Data is a valuable asset for most businesses. How can you protect yours?
Managing Exposure Is Essential
As a business entity, managing your cyber security risks has become an absolute priority. Left unmanaged, your company risks business disruption, theft of business secrets or customers, fraud and, ultimately, a damaged bottom line. As with risk management, there is no one-size-fits-all solution to cyber security.
Cyber Liability Coverage Options
At Odell Studner, we approach cyber security at the human layer—where business processes and technology intersect. In partnering with cybersecurity experts, we identify and analyze the cyber risks your firm faces and ultimately build a robust, nimble, and practical cybersecurity plan to empower your business and its employees. It begins with gaining a firm understanding of the threats your company faces.
Our Risk Assessment Process
Before discussing specific Cyber Security Insurance products or solutions your organization may need to protect your digital assets and your bottom line, Odell Studner conducts a multi-step risk assessment process to identify potential threats and vulnerabilities.
Information Risk Audit
Based on the NIST (National Institute of Standards and Technology) cybersecurity framework, this 99-point audit includes onsite interviews, network testing, a review of policies and governance at your corporate location, as well as a review of people, processes, and technology as they relate to your company’s information security measures. The audit results in a comprehensive final report that includes recommendations (corrective risk mitigation methods, actions, and tools) to strengthen your current information security posture. This is the first step in planning for cyber risk insurance measures.
Penetration testing provides for the identification of security deficiencies and analysis of their impact on your business. By mimicking cyber-attacks, analysts exploit your network to find external weaknesses, prioritize potential risks, and provide suggestions on how to cost-effectively ensure your sensitive information is secure.
Phishing is a common method of online identity theft and virus spreading. Phishing attacks vary in appearance. Analysts imitate a sophisticated phishing attack to test your employees and follow up with training to keep your company’s vulnerabilities from being exploited.
Education and Training
Your company’s cybersecurity is only as strong as your weakest link. Experts deliver education through online training and/or in-person instruction. Training packages are offered at the executive level or company-wide to meet your unique needs.
War games test resilience and build capability in the event of a cyber-attack. Experts examine how your company responds to a cyber crisis, how you adapt your business continuity plans, how appropriate your contingency plans are, and under which conditions you are likely to fail. This process allows not only for observation and monitoring, but also for feedback and mentoring to ensure your company develops the personal and team skills required to cope with a cyber-attack.
Obtaining cyber liability insurance for your company is the essential final step to the information risk audit. The amount of cyber insurance coverage your business needs depends on your level of risk. Odell Studner is a cyber insurance company in King of Prussia, PA, that offers cyber security insurance solutions to address the full breadth of risks associated with doing business in today’s technology-dependent world.