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Along with cyber insurance, it is essential to consider ransomware recovery as an essential part of your business continuity plan. (Shutterstock) Along with cyber insurance, it is essential to consider ransomware recovery as an essential part of your business continuity plan. (Shutterstock)

With ransomware attacks grabbing front-page headlines seemingly on a daily basis, today’s highly-valued insurance agents need to advise their insureds on a variety of technological exposures, including some that may not have existed even a decade ago.

If your client looks over the 2021 cyber insurance application (much more detailed than the one from 2019, which only had three questions on it) and asks you to explain Multi-Factor Authentication (MFA), Remote Desktop Protocol (RDP) or Endpoint Detection & Response (EDR), will you have an answer? When they ask how your agency is protecting their data, what will you say?

 

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