Cybersecurity at the Crossroads: Practical Steps to Protect Your Business and Meet Insurance Standards
When it comes to cybersecurity, the stakes aren’t just high—they’re critical. I’ve seen it time and time again. Organisations overlook seemingly minor lapses in their security posture, only to find these "minor" issues can invalidate their cyber insurance or leave their systems vulnerable to threats.
Today, I want to share actionable insights and practical advice on how you can strengthen your business’s security while ensuring you meet insurance requirements.
Ensuring Cyber Insurance Compliance Starts with Two Pillars
Multi-Factor Authentication (MFA): Your First Line of Defence
If your external interfaces or remote access points lack MFA, your business is standing on risky ground. Many cyber insurance providers now outright require MFA. Without it, any claims you try to make could be denied.
MFA can take various forms, including Microsoft Authenticator, passcodes, or even tap-on/tap-off cards. At Teba, we help businesses implement these layers of protection seamlessly, balancing robust security with a great end-user experience.
Address Unsupported Platforms
Legacy software and unsupported platforms are often overlooked, but they represent a huge liability. I’ve walked into businesses running systems that are long out of support, exposing them to undue risk.
The reality? Even one unsupported device can void your entire cyber insurance policy.
By conducting system-wide audits and identifying outdated or unsupported software, our team ensures our clients not only comply with insurance mandates but also stay ahead of potential vulnerabilities.
Security and Productivity Must Go Hand in Hand
Secure environments are important, but there’s a fine line between security and usability. If your systems lock everyone out, business halts. No one wins. Safeguarding your technology shouldn’t come at the cost of employee productivity, and this balance is what we specialise in at Teba.
A Real-Life Reminder
Not long ago, a client was on the edge of losing their cyber insurance renewal. Why? One device. That lone outdated system was stopping the CEO from signing off, risking the entire organisation’s security coverage. We stepped in, resolved the issue, and ensured they met compliance standards. This is a reminder that even small oversights can result in big consequences.
Proactive Cybersecurity Is the Only Way Forward
Here’s the takeaway I want every technology leader to remember: don’t wait for a threat or an issue with your insurance to act. Take these steps today:
Implement MFA across all external interfaces and remote access points.
Audit your systems for unsupported software regularly.
Strike the balance between security measures and user experience.
By proactively addressing these areas, you’ll safeguard your systems and protect your insurance coverage.
If you’re unsure where to start within the essential 8 platform or how secure your systems are, reach out. At Teba, we’re here to help bridge the gap between securing your business and maintaining operational excellence.
