Emergence Insurance

With cybercrime costs projected to reach US$9.5 trillion, businesses in Australia face growing threats from data breaches and ransomware attacks. Stay protected with the 5-Star Cyber Insurance Providers who excel in coverage, claims handling, and breach response. Find out how top providers like Emergence Insurance are helping businesses navigate cyber risks with their cutting-edge solutions and 24/7 incident response. Discover the best providers today and ensure your business is cyber-resilient! View full report here: https://hubs.la/Q02Tp_3J0 #CyberSecurity #InsuranceAustralia #DataProtection #5StarCyberInsurance

Actionable Tips for Your Incident Response Plan 🛡️ 🛡️Conduct a Risk Assessment: Begin by identifying potential threats and vulnerabilities that could impact your business. Understanding these risks will help you protect your most critical systems and functions. 🛡️Establish an Incident Response Team: Identify key team members who will play crucial roles during a disaster. Clearly define each member’s responsibilities and include their contact information in your incident response plan. 🛡️Develop Policies and Procedures: Create incident response policies and procedures based on your risk assessment findings. Make sure they are specifically tailored to your business needs and include relevant Incident Response Team contact details. 🛡️Implement Security Monitoring Tools: Use security monitoring tools to detect incidents in real-time. Start logging and categorising these incidents to build a comprehensive response capability. 🛡️Provide Regular Training: Conduct training sessions for your team on the incident response process. Regular training ensures they are always prepared to respond effectively in the event of an incident. Did you know? Emergence CEP-005 policyholders have access to a free cyberSuite Incident Response Plan template. Reach out to learn more! #cyberawarenessmonth #cyberawareness #cyberadvisory #cyberservices #BeCyberFit 

You won't respect the power of top tier insurance until you need it. This is the first year this particular client has had a Cyber Insurance policy and funnily enough, it is also the first year a claim has arisen. Situation: - On 16th October, our client notified us that their business email had been compromised after multiple clients advised them that they received suspicious emails from the ‘Insured,’ providing new bank details. - Our client then found 375 phishing emails had been distributed from their sent folder. - We contacted our clients insurer (Emergence) whose Incident Response Team engaged Triskele Labs to carry out digital and forensic investigations who confirmed the cyber event and that there was potential compromise of Personally Identifiable Information (PII). The insurer has agreed that the situation constitutes a Cyber Event and under their current Cyber Insurance policy, there is a $250,000 limit for "Cyber Event Response Costs" available to tap into. Ample coverage for the potential $10,000's an event like this can cost. A huge thanks to Emergence Insurance and our wonderful Juvy Mae Manlangit for assisting our client through this process. Welcome to PIB Paragon Insurance Broking

Actionable Tips for Patching 🛠 🛠 Establish an Asset Register: Start by creating an inventory of all your systems, services, software, and hardware to gain a clear understanding of your assets and their associated vulnerabilities. 🛠 Prioritise by Criticality: Categorise each asset by its importance to your business. This allows you to prioritise patching for the most critical assets and the most severe vulnerabilities first. 🛠 Develop a Patch Management Process: Document a patch management plan that sets time frames for applying patches—e.g., apply patches to critical vulnerabilities within 72 hours, high vulnerabilities within a week, and medium/low vulnerabilities within 14 days. 🛠 Manual vs. Automatic Updates: Depending on the number of assets your business has, schedule weekly manual patch management reviews and enable automatic updates wherever possible to streamline the process.    By following these steps, you can reduce your business’s exposure to cyber threats and ensure vulnerabilities are addressed in a timely manner. #cyberawarenessmonth #cyberawareness #cyberadvisory #cyberservices #BeCyberFit 

Actionable Tips for Backups 💾  👩💻 Start by mapping out the data you collect, store, transfer or use to identify the data most critical or sensitive to your business. 👩💻 Once identified, maintain at least three copies of the data. 👩💻 Ensure your backup copies are stored on two different types of media. Media types include on your computer, an external hard drive, DVDs, or even hard copies.  👩💻 Store at least one copy in an offsite location, physically separate from where your primary data is located. 👩💻 Be sure to regularly test your backups by pulling out pieces of data and making sure they can be accessed and are usable. 👩💻 Remember, not every piece of data needs to be backed up. It is important to have backup copies of the data that is critical to keep your business operating in the event of data loss. Implementing these simple steps can help safeguard your business from unexpected data loss. #cyberawarenessmonth #cyberawareness #cyberadvisory #cyberservices #BeCyberFit 

Sending a massive thank you to our incredible sponsor Emergence Insurance for their support of Ausure's Camping Trip 2024! 🦇 It’s because of you that we can continue creating amazing opportunities and experiences for the insurance industry. Let’s make this event one to remember! 🏕️👻 #AusureCampingTrip2024 #Halloween