Cyber insurance is a critical tool for protecting your business's digital assets. This type of insurance mitigates financial losses in the face of data breaches, cyberattacks, or other security threats, making it an essential part of your cybersecurity strategy. Insuring your business against cyber threats not only helps prevent potential damages but also ensures operational continuity.

When an attack occurs, the insurance company can provide emergency response services, data recovery, and legal support to minimize the impact of the incident. The insurance policy can alleviate the financial burdens on the company.

Many industries are required to meet specific security standards and compliance requirements. Privileged Access Management (PAM) helps fulfill these requirements by controlling and auditing system access.

Insurance companies may demand a certain level of cybersecurity measures. Robust security controls like PAM can help you qualify for cyber insurance and reduce your policy costs.