IT Insurance Experts at CoverITfast Provide Tips to Protect Tech & IT Companies from Cyber Extortion

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How do you prevent your company from becoming a victim of cyber extortion? IT insurance experts share top three tips.

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IT insurance experts at CoverITfast are educating clients and prospects by providing the top three ways to avoid becoming a victim of cyber extortion.

Cyber extortion poses a real threat to technology and IT companies. That’s why the IT insurance experts at CoverITfast are educating clients and prospects by providing the top three ways to avoid becoming a victim of cyber extortion. CoverITfast insurance experts advise:

#1. Preventing past employees from becoming a threat – One of the most effective, yet overlooked, areas of cyber security is proactively preventing former employees from becoming a cyber threat to an organization. This can be done by simply changing all passwords, codes, and locks the employee had access to.

#2. Performing frequent security audits – Security flaws must be found and fixed on a frequent basis to prevent organizations from being a target of cyber crime and extortion. As organizations evolve and change so doe their security structures. That is why frequent security audits are a must.

#3. Considering technology insurance to transfer the risk of cyber extortion – Many specialized technology and IT insurance companies can now add special coverage for cyber extortion-related expenses to insurance packages for IT and tech companies. This coverage can include business interruption or failure of companies’ computer systems and often includes coverage both for first party loss and third party liability resulting from cyber extortion acts.

About CoverITfast:

CoverITfast is an insurance product provided by TechAssure, a nonprofit comprised of insurance brokers specializing in insurance for tech and IT companies. It’s designed to give clients the best possible protection for their unique insurance needs. For more information don’t hesitate to contact a broker by filling out the form on this page.

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Megan Knobbe
Astonish
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