Con·tin·u·ums
\ken-tin-yu-ems\ (n.) :
To go through a gradual transition from one condition, to a different condition, without any abrupt changes.
September 23, 2022
Cyber Insurers Clamp Down on Clients' Self-Attestation of Security Controls
After one company suffered a breach that could have been headed off by the MFA it claimed to have, insurers are looking to confirm claimed cybersecurity measures.
A voided lawsuit from a cyber insurance carrier claiming its customer misled it on its insurance application could potentially pave the way to change how underwriters evaluate self-attestation claims on insurance applications.
The case - Travelers Property Casualty Company of America v. International Control Services Inc. (ICS) - hinged on ICS claiming it had multifactor authentication (MFA) in place when the electronics manufacturer applied for a policy. In May the company experienced a ransomware attack. Forensics investigators determined there was no MFA in place, so Travelers asserted it should not be liable for the claim.
Ask a Continuums Representative about reviewing your cyber resiliency of the people and technology in your cybersecurity posture, strategies and culture to qualify for cyber insurance. Invest in protecting and securing your virtual enterprise in 2022 while preparing for 2023.
For a link to this Dark Reading Article, Click To Review
Cyber Insurers Clamp Down on Clients' Self-Attestation of Security Controls
After one company suffered a breach that could have been headed off by the MFA it claimed to have, insurers are looking to confirm claimed cybersecurity measures.
A voided lawsuit from a cyber insurance carrier claiming its customer misled it on its insurance application could potentially pave the way to change how underwriters evaluate self-attestation claims on insurance applications.
The case - Travelers Property Casualty Company of America v. International Control Services Inc. (ICS) - hinged on ICS claiming it had multifactor authentication (MFA) in place when the electronics manufacturer applied for a policy. In May the company experienced a ransomware attack. Forensics investigators determined there was no MFA in place, so Travelers asserted it should not be liable for the claim.
Ask a Continuums Representative about reviewing your cyber resiliency of the people and technology in your cybersecurity posture, strategies and culture to qualify for cyber insurance. Invest in protecting and securing your virtual enterprise in 2022 while preparing for 2023.
For a link to this Dark Reading Article, Click To Review
Continuums may provide a suite of Digital Continuity & Cyber-Business Transformation consulting services and strategies. These elements are designed to help businesses improve and maintain operational
efficiency while managing risk associated with business innovations, operations, security, technology refresh, and adopting/migrating to new cloud services/platforms. Our team of certified and experienced experts may support
your business in the following areas:
Trusted Infrastructure & Cybersecurity Preparedness Advisor
Emerging Technologies Advisor
Fractional/Virtual CIO & CISO Advisor for Risk Management
Governance, Risk, and Compliance Requirements Cybersecurity Insurance Compliance, and IATO/ATO Compliance
Enterprise Resource Planning Strategies
Business Continuity Strategies
Enterprise Design and Development Strategies
Information Security Enterprise Solutions Architect
Enterprise CyberSecurity Strategies
Technology Refresh and IT Transition Management Strategies
Enterprise IT Asset Management Strategies
Enterptise Project Management
And The Continuums Approach
Continuums uses a hybrid standards based approach in our services model called Transitional Engineering Logistics and Planning (TELP™) - integrating NIST SP 800 Series Guidelines, ITIL, ISO 27001 and Center for Internet Security (CIS). Continuums service benefits include reduction in operational cost (up to 30 percent), improved security and service delivery quality while reducing overall IT costs of ownership (up to 20 percent).Copyright © 2022 Continuums Corporation
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