JOURNEY TO SURVIVABILITY
MLISS™ PILLAR III:
CYBER INSURANCE RISK AUDIT
If You Cannot Identify or Name Your Threat, You Cannot Mitigate or Overcome Your Threat.
IS YOUR CYBER INSURANCE FIT FOR PURPOSE?
WHAT’S PROTECTING YOUR CORPORATE SURVIVABILITY?
A Global Paradigm Change
Cyber threats are evolving at breakneck speed, and your current cyber insurance policy may no longer be fit for the purpose of protecting you against cyber breaches. The new “Poli-Cyber™” attacks perpetrated and/or inspired by extremist groups like isis/Daesh, rogue and non-rogue states, and their proxies have caused a global paradigm change in the cyber and non-cyber threat landscape.
Poli-cyber™ hackers are far worse than conventional hackers. they will ransomware you, but won’t stop there. they will steal, damage, destroy, and expose your data but won’t stop there. they will ddos attack you and won’t stop there either. they will only stop when there is nothing more they can gain, either in ransom, publicity, fame, or intelligence, and they gain the most by causing maximum damage or destroying their targets, showing their followers they can achieve victories against their enemy.
A Poli-Cyber™ Breach To Remember
The tv5monde french tv station cyber hack June 2015, claimed by “cybercaliphate” on behalf of ISIS, was but the tip of the iceberg of publicly known poli-cyber attacks. It also signalled the grave impact of this global paradigm change and the new wave of destruction motivated cyber terrorist attacks by extremist groups to come.
Today, top decision makers around the world need to wake up and come to grips with the new reality that they are now political and ideological targets of these extremist groups. this is not a threat to short-term profitability. this is a threat to survivability.
MLiSS™ Cyber Insurance Risk Audit
With corporate survivability at greater risk, how does an organization find out if their cyber insurance policy is fit for purpose, especially if their current broker hasn’t or can’t offer them an up to date solution?
MLi Group offers the “MLiSS™ cyber insurance risk audit”.
This is a highly confidential in depth risk assessment of the client's existing cyber insurance policy, if they have one. or of other policies they are considering buying. If they do not possess one, the audit is then an assessment of their needs to determine and recommend the ideal cyber coverage(s) for them.
This specialised “audit” identifies ambiguities and conflicting clauses in the clients’ current cyber policies that would give their insurance carriers grounds to deny a claim, especially on cyber terrorism. It concludes with recommendations and identification of more appropriate cyber policies and actions to consider. The audit is a highly specialised professional and unique service undertaken for the client, not a sales instrument.
It is critical for businesses all over the world to learn if their cyber insurance will perform and if it will cover them or not before they are cyber breached, need to file a claim, discover they won’t pay, only to be forced to resort to costly legal action.
What's Your Next Move To Protect Your Corporate Survivability
Organizations wishing to book a cyber insurance risk audit, inquire about our rates, learn more about MLi Group Survivability Solution™ and its unique and critical pillars, or how MLi Group can help your organization better secure your survivability, should contact us by sending their expression of interest to EOI (@) MLiGrp (dot) com and one of our executives will get in touch.
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