CIS has now become a Trusted Partner of the Australian Government - Cyber, Digital and Technology Policy Division, National Resilience and Cyber Security Group, Department of Home Affairs.CIS is proud to announce with its insurance underwriting partners the launch of a "Secured Cyber Insurance" policy. Secured Cyber Insurance completely integrates and partners with cyber security and risk management, providing risk oversight, management and reporting to clients and insurers for all business sectors. For further discussion on this subject please contact us through our contact page.
The 4 Pillars of Protection
Secured Data & Cyber Insurance
It is clear there is no 100% "IT" defence against cyber attack. As part of our solutions, insurance will provide incident response services and protect you from costs associated with a cyber breach events. Cyber Insurance is a critical part of your cyber defence and can plug your cyber vulnerabilities that are low touch so you can focus on your core business.
Cyber Audit & Risk Management
CIS is releasing its advanced cyber risk management compliance platform to provide clients with 24/7 oversight, it gives you control over cyber risk by allowing you to assign professionals (internal or external) to implement recommendations with accountability and timelines. This gives you management over cybersecurity and who, how and when the vulnerabilities get addressed. The platform leaves an audit trail, as evidence to satisfy management, boards and regulators alike.
Cyber Awareness & Education
Delivered in simply followed modules – we provide the level of cyber education your people need to create the critical “people” layer of cyber defence. A major cause of cyber attack is coming from “within” companies. The need to put your people through the right ‘Cyber and Data Management’ training is critical. Its is ok to raise the level of awareness of staff, but you also need to test them to ascertain their levels of awareness. Out platform tests, trains and adapts to target learning modules to each individual.
CIS works endlessly with its underwriters to provide you with world leading innovative insurance solutions to help protect you from cyber threat and effectively respond to cyber attack.
Can't get cyber insurance?
CYBER INSURANCE – There is a new category of industries regarded by insurers to be “too high risk” to insure with cyber insurance. These include SaaS, software & app providers, financial and lending, health and health practitioners, large online retailers.
Specialised Cyber Insurance – CIS can protect specialist industries that cannot obtain cyber insurance easily – such as SAAS and software companies.
WHY? – There are several main factors – connected to too many customers, holding too much personal and or personal financial data, too highly regulated with no guarantee of compliance happening etc.
CIS solved this. All high risk categories can now be insured through CIS – at prices that are not ridiculous. If you still can find someone to insure you – you will be paying a great deal more than CIS specialised insurance.
DATA INSURANCE – CIS developed the world’s first complete insurance of data for loss of data. It is being prepared for the Australian market right now.
Contact CIS now to obtain advice on what strategies work best for your business.
Some quick facts about the current cyber environment
Cyber State of Play
SMEs were the target in more than 43% of reported cyber crimes last year, this figure is believed to be much higher.
It's the money!!
76% per cent of cyber attacks are financially motivated.
Only about 15% percent of SME’s have cyber insurance. This means that 1.955 million Australian businesses are not insured.
Business not ready!!
At least 70% percent of all businesses are unprepared for a cyber attack.
Over 50% of data breaches are due to human error. Cloud data breaches are over 90% human error.
You're probably already infected!!
Most companies take nearly 6 months to detect a data breach, even major ones.
“Cybercrime is the greatest threat to every company in the world.” (Ginni Rometty) And she is right. During the next five years, cybercrime might become the greatest threat to every person, place and thing in the world. With evolving technology comes evolving hackers, and we are behind in security.