Rising Cyber Liability Insurance Costs and How to Reduce Them
In this episode, the focus is on the rising importance of cybersecurity in Architecture, Engineering, and Construction (AEC) businesses. Topics include the role of cyber insurance, the need for multi-factor authentication, and the potential risks of outdated hardware/software. The discussion also covers ransomware, the cost of cybersecurity, and the crucial role of IT companies in protecting AEC businesses. The episode concludes with a special offer for a one-hour cybersecurity assessment.
Key Points
- Cyber insurance premiums have drastically increased due to factors like the Russia-Ukraine conflict, insurance companies paying out ransoms, and the evolving sophistication of cybercriminals.
- Technical versus operational truths highlight the difference between having security measures in place and the actual effectiveness of those measures in real-world scenarios, such as the adequacy of backups and response to cyber incidents.
- Cybersecurity is not just about having tools; it requires ongoing vigilance, human oversight, and adherence to comprehensive policies and controls to protect against increasingly organized and targeted cyber threats.
What is CyberSec? What is Ransomware as a Service? How are cyber threats toppling even the powerhouses in the AEC industry?
At the end of the day, you need to understand that your business can easily be caught in the crossfire in an “invisible war”.
Learning more about the online space and investing in CyberSec has become non-negotiable and is key for business continuity and future success!
Discover how to future-proof your business today!
Tune in to learn about the Hottest Insider News | Tips | Tricks | Hacks, and everything you need to know on Architecture, Engineering, Construction and Technology!
Connect with the Justin & Will:
Website: https://spotmigration.com/
LinkedIn: https://www.linkedin.com/company/spot-migration
Facebook: https://www.facebook.com/spotmigration
Youtube: http://www.youtube.com/c/Spotmigration
Will's LinkedIn: https://www.linkedin.com/in/willforet/
Justin's LinkedIn: https://www.linkedin.com/in/justneagle/
Tune in to learn about the Hottest Insider News | Tips | Tricks | Hacks, and everything you need to know on Architecture, Engineering, Construction and Technology!
Chapters
| 0:00 | |
| 1:00 | |
| 3:01 | |
| 8:00 | |
| 12:36 | |
| 16:04 | |
| 22:02 | |
| 24:05 | |
| 32:26 | |
| 34:33 | |
| 39:57 | |
| 40:10 |
Transcript
Loading transcript...