Protect Your Association From Cyber-Risks

Cyber-risk is a growing concern and impacts associations and businesses of all sizes. As technology continues to advance and more organizations rely on digital systems to operate, manage and store sensitive information, associations and businesses are becoming more vulnerable to the threat of cyberattacks. A cyberattack can lead to the loss of sensitive data, financial loss and even reputational damage. Therefore, it is essential for associations and businesses to understand the risks and take proactive steps to protect themselves.

Steps Associations Can Take to Protect Themselves

A cyber insurance policy protects against the financial losses resulting from a range of threats including cyberattacks, data breaches and system interruptions.  Associations and businesses can acquire protection for first-party costs as well as third-party liability through a cyber insurance policy.

In addition to securing a cyber insurance policy, associations and businesses must take proactive steps to protect themselves from cyberattacks. This includes:

• Implementing strict security protocols and regularly updating them
• Educating employees on the importance of cybersecurity and how to identify and respond to potential threats
• Conduct regular risk assessments and develop disaster recovery plans

How Can Marsh Help?

CSAE Insurance Services offers cyber insurance through its partner, Marsh. Marsh is the global leader in insurance broking and innovative risk management solutions. Their Technology Industry Practice is dedicated to helping you identify, quantify, manage, and mitigate your composite risks.

Marsh Advisory is well-positioned to support you in managing your cyber-risk. Its experienced team links cybersecurity expertise to the knowledge of the insurance industry, providing a holistic approach to managing cyber-risk. Using industry-leading data and analytics, they evaluate an organization’s exposures and risk management program gaps, helping decision-makers to determine the return on investment and make informed decisions about program adjustments and direction. One of Marsh’s cyberspecialty’s offerings is the Marsh Cyber Self-Assessment, a digital diagnostic tool. The tool generates maturity analysis on an organization’s cybersecurity program based on user responses, including controls benchmarking and can be used as an application.  

Marsh’s team of dedicated cyber advisors provides in-depth knowledge and expertise to help clients navigate the complicated cyber risk landscape and the cyber insurance marketplace. They help clients navigate and execute their cyber policies, particularly in a challenging market. 

Get more information about cyber insurance, the Marsh Cyber Self-Assessment tool or a quote by contacting csae.service@marsh.com, +1 866 779 5557.