When it comes to protecting your business from cyber threats, having cyber insurance is a smart move — but it’s not enough on its own. Think of cyber insurance like a seatbelt in your car: it’s there to minimize damage if an accident happens, but it doesn’t prevent the crash in the first place.
The Reality of Cyber Insurance
Cyber insurance can help cover financial losses from data breaches, ransomware attacks, or other cyber incidents. It may assist with costs like legal fees, notification of affected customers, and even ransom payments. However, it doesn’t stop cybercriminals from targeting your business in the first place — and a policy alone won’t restore your reputation or recover lost data.
Why Proactive Security Measures Are Critical
Relying solely on insurance is like leaving your doors unlocked because you have burglary coverage. Businesses need to actively prevent attacks rather than just brace for the aftermath. Proactive cybersecurity measures, like those included in Tolar Systems’ Complete Care service, help businesses reduce the risk of ever needing to file a cyber insurance claim.
Here’s what proactive security looks like:
- Regular System Monitoring: Continuous monitoring identifies suspicious activity before it escalates into a breach.
- Employee Training: Cybercriminals often exploit human error. Educating your team on phishing scams and safe online behavior can stop attacks at the source.
- Multi-Factor Authentication (MFA): Requiring multiple layers of verification makes it much harder for hackers to gain access.
- Data Backups and Disaster Recovery: Regular backups ensure your data is safe and restorable, minimizing downtime and losses.
- Software Patching and Updates: Keeping your systems up to date closes security holes cybercriminals love to exploit.
The Perfect Pair: Insurance and Prevention
Cyber insurance should be a safety net — not the entire strategy. By combining proactive security measures with a comprehensive cyber insurance policy, businesses create a more resilient defense. You’ll not only reduce the chance of an attack but also limit the damage if one occurs.
At Tolar, we understand that true cybersecurity isn’t just about covering losses; it’s about preventing them.
Don’t wait until an attack happens to realize insurance alone won’t save you. Let’s build a proactive defense together — because prevention is always better than recovery.
