10 Cybersecurity Insurance Tips for the MSP

Cybersecurity insurance is increasingly necessary when malicious hackers do more than just disrupt software and hardware.

Bad actors in ransomware attacks demand more and more money that providers can’t afford to pay; and in most cases, they shouldn’t. Moreover, customers continue to file lawsuits against their providers when these and other attacks occur. As a result, MSPs need to be protect themselves financially and legally.

So how do MSPs know what kind of cybersecurity insurance procedures to put in place? Compiled by the members of the CompTIA Information Sharing and Analysis Organization (ISAO), experts have outlined 10 things (see slide show above) that MSPs should consider when adopting a policy.