Zurich North America names new Head of Professional Liability & Cyber
Veteran Zurich underwriter Kara Higginbotham to lead team of underwriters serving large corporate and middle market customers.
Why are cyberattacks such threats to your business?
You’ve read the headlines. Heard and seen the media reports. Cyberattacks can strike literally any business 24/7, with consequences that can be long-lasting and costly in terms of dollars, reputational damage and loss of customer confidence.
Types of cybercrime include:
- Ransomware can hijack your network and encrypt your data, with the threat of total loss of information unless you pay up.
- Malware can infect your network and corrupt data as well as enable the theft of confidential, customer information.
- Denial of Service attacks can overwhelm your network, making it impossible for customers and other authorized users to gain access when they need it.
- Protecting your network and data from cyber security breaches and cyberattack events is among your IT team’s most important responsibilities. But cyber defense should not just be a concern of your organization’s IT people. Given the potential for multi-dimensional impacts on your business, and the capacity for costly, long-lasting harm, defending against cyberattacks is a risk management priority as important as protecting your physical property, people and productivity.
Why is cybersecurity critical to your operation?
The cyber threats facing organizations are evolving every day and growing in number and severity. According to one cybersecurity industry report1, by mid-year 2023 there were:
2.7 billion
malware attacks
77.9 million
Internet of Things attacks
140 million
ransomware attacks
Statistics like these demonstrate that protecting your company against the impacts of network intrusions, data theft, ransomware and other forms of cybercrime are more than just challenges to system protection tools and protocols. They are full-blown risk management considerations driving a host of residual impacts to your business.
These threats call for more than just technological solutions. They require the full engagement of the traditional risk management role in collaboration with internal information security resources. And they demand trusted, experienced support delivered by SpearTip’s solutions.
Reference:
1. Global Cyberattack Trends. 2021 Mid-Year Update: SonicWall Cyber Threat Report. SonicWall 2021.
Why choose SpearTip Cyber Services?
SpearTip offer comprehensive cyber services that can provide you with an objective assessment of your security posture. Services include in-depth assessment and specific recommendations for addressing any control deficiencies discovered. The Cyber Risk Management team delivers the holistic, multi-dimensional view of cyber risk management you need in today’s fast-paced world of new threats entering the global cyber environment every day.
Our approach to cyber risk management aligns with the principles of the National Institute of Standards and Technology’s (NIST) Cybersecurity Standards for network and data protection, as well as other relevant industry frameworks.
Where Do I Start?
Our goal is to help you develop and implement a cost-effective strategy that meaningfully reduces your cyber risk. We take a consultative approach to understand your current position, actively assess your cybersecurity and make recommendations in line with your objectives. While each engagement is flexible and customized to your needs, the following page includes common starting points.
Services to Address Your Needs
Objective evaluation of my cyber security strategy
Cyber Risk Health Check
A broad, interview-based assessment of your cyber security exposures and controls guided by the NIST Cyber Security Framework. The deliverable is a tailored report based on proprietary risk grading with specific recommendations for your organization.
Cyber Risk Gap Analysis and Strategic Roadmap
A comprehensive evaluation of your entire cybersecurity program, assessing maturity level for each of the 108 NIST CSF sub-categories. Based on your attack surface, threat landscape, and our findings, we will recommend improvements to your controls and business practices through a custom strategic roadmap plan.
Web Application Assessment
Our team reviews application and operating system access controls throughout your digital environment. We verify your security measures are aligned with your usage and security stack so only validated users can access critical systems and sensitive data.
Strengthen tactical areas of my cyber security program
Virtual CISO (vCISO)
Retain an experienced cyber professional to develop and execute your information security program. This can include creating and driving the roadmap, supporting implementation, and ongoing program management. This is ideal for mid-size companies without a Chief Information Security Officer.
Incident Response Plan Evaluation and Tabletop Exercise
A thorough review of your company’s existing IR plan, including policies, testing, and communication. This is often followed by an executive or technical tabletop exercise or both.
Other Tailored Services, Including
• Ransomware Threat Assessment
• Vendor and Supply Chain Risk Management Reviews
• Security & Awareness Training
• Red Team Exercises
Technical tools and services to strengthen my cyber risk defenses
Penetration Testing
Cyber counterintelligence engineers assess your organization's security controls by simulating attacks from the public internet and from an internal perspective, probing all systems for vulnerabilities. Upon completion, our recommendations help your business harden its overall security posture.
24/7 Security Operations Center (SOC) Monitoring & Response
We deploy ShadowSpear, a fully managed security platform, to engage various threats around the clock.
Our experienced security engineers and analysts actively monitor customer environments, engage in ransomware threat hunting, and remediate malicious activity in real-time.
Rapid Incident Response (IR) & Recovery
In the event of a security incident, our SOC team can deploy tools and personnel to remediate the ongoing threat, restore business operations, and complete digital forensics analysis. Our IR services include 45 days of continued network monitoring and a comprehensive report.
News and Insights
Zurich Insurance earns top honors for customer relationship program
The 2024 SAMA Excellence Award recognizes Zurich’s global customer relationship management as outstanding, not only in the insurance sector, but across industries. It’s the second win for Zurich.
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