The Annual Risk Health Check: Why Every SME Needs It
Your business can change a lot in a year – expanding, shifting online, hiring staff, or upgrading equipment.
Upon detecting a cyber incident, it is imperative to report it immediately to trigger your cyber policy’s emergency response team. Insurer-appointed experts will guide you through containment, remediation, and the establishment of proper data collection processes. Early contact ensures that your insurer and their specialists can assist you in managing both the technical and evidentiary aspects of the incident effectively and advise you on cyber security risk measures.
Insurers focus on documentation that supports your financial losses—not just IT forensics. Make sure you capture:
These records form the foundation of your claim and help ensure you receive full eligible compensation.
To make documentation a practical habit, it must be integrated into your cyber response plan. Whether it’s in the form of a stand alone document or a subset of your Business Continuity Plan, this involves outlining your responsibilities for recording each type of loss and specifying storage locations that are separate from affected systems. Designated responders must be trained to understand what to document, when to do so, and how to execute this effectively, particularly during high-stress incident response situations.
Regular tabletop exercises (also known as scenario testing) should be conducted to test record-keeping procedures alongside technical containment steps. Furthermore, records must be secured using encrypted, access-controlled backup storage to protect evidence from tampering or further attack.
Let us guide you through your cyber policy’s requirements – whether it’s explaining incident notification steps, documenting losses accurately, or engaging appointed experts. We ensure your insurance works effectively when you need it most.
When combined with robust technical controls and expert support, good documentation protects both your business continuity and your claims. Let us help you prepare before cyber trouble strikes.
Article Supplied by OneAffiniti
Photo by AndreyPopov