Cyber Liability Insurance is Not Enough: Why Training Your Staff on Cyber Threat Trends is a Must

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In 2017, NAS Insurance, a leading provider of cyber liability insurance in the marketplace, identified a number of trending threats impacting businesses everywhere in any industry today. For example, they noticed that the number of identities impacted by a breach skyrocketed, the second-most common cause for a loss in profits was ransomware, and the average cost resulting from cybercrime exceeded $100,000.

leading provider of cyber liability insurance in the marketplace

Although a robust cyber liability insurance policy is an essential addition to the insurance portfolio of any business, it is also important to keep your staff trained on trends within the world of cyber security. There are many courses that can do just that, depending on your industry, and they can help your staff gain a broader understanding of specific topics, such as:

  • Ransomware
  • Social engineering
  • Phishing scams
  • HIPAA for healthcare
  • PCI security compliance (for companies that accept credit cards as a payment method)

A leader in their field, NAS CyberNET, created by NAS Insurance, offers programs designed to complement a modern risk management strategy. In today’s ever-evolving digital landscape, consider their training solutions for your business leaders as a way to circumvent the cyber threats your organization faces every day.

Through NAS CyberNET, clients gain access to a full suite of interactive cyber training courses, which are put together by certified data security experts. These training options also include a variety of support tools, such as one-on-one expert consultations, response plan templates, and sample policies.

Understanding how to protect your business is key to defending your operations and preventing full-scale cyber-attacks. For further information about NAS CyberNET and how it can enhance your cyber security efforts and complement your cyber liability insurance plan, contact us at Rich Haag & Associates today.