During Cybersecurity Awareness Month, we are reminded of the importance of safeguarding your business and your clients against cyber threats. As an MSP, you must ensure that you are fully compliant and fully educated in the latest cyber insurance regulations to assist your clients in case the need arises. Join Joseph Brunsman, an expert in cyber insurance and cyber law, Nick Cavalancia, a four-time Microsoft MVP, and Kurt Abrahams, CMO at MSP360, as they unravel crucial elements related to cyber insurance. During this webinar, we will explore the following key topics: Adapting to the evolving cyber threat landscape: comprehending the changing landscape of cyber insurance requirements. Effective strategies for reducing cyber insurance costs and countering ransomware attacks. The indispensable role of Object Lock (Immutability).

1. Unraveling the Mystery
of Cyber Insurance:
The MSP Guide to Protecting
Yourself and Your Clients

2. Agenda
● Adapting to the evolving cyber threat landscape: understanding the shift in
cyber insurance requirements
● Effective strategies for reducing cyber insurance expenses and
counteracting ransomware attacks
● The vital role of Object Lock (Immutability) and 2FA: a necessity explained
● Giveaway: Sonos Era 100 wireless speaker – courtesy of Backblaze
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3. The current state of
cyberattacks and cyber insurance
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CISOs report at
least one
disruptive
cyberattack in
the last year
9 in 10
QoD impacted
an orgs cost of
coverage
62%
QoD impacted
an orgs terms
of their policy
28%
Estimated
cybercrime
costs in 2023
$11T
QoD impacted
an orgs ability
to get
cyberinsurance
60%

4. Shifting Cyberinsurance Reqs.
● Insurers are trying to reduce the cost
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5. Shifting Cyberinsurance Reqs.
● Insurers are trying to reduce costs
● Requiring Stricter Controls
● Broader Changes
○ Caps on “Widespread” Events
○ Co-insurance Requirements for Ransomware
○ Lower limits and sub-limits (Cyber Crime & Ransomware)
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6. Shifting Cyberinsurance Reqs.
● Adding in Exclusions
○ Critical Vulnerabilities
○ Old Hardware/Software
○ Remote Worker Monitoring
○ Zero Day Attacks
● Compliance with OFAC Sanctions
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7. OFAC Guidance
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8. What Can OFAC Do?
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9. Can You Appeal?
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10. Strategies to Lower Cost and
Counteract Attacks
● Understand the types of coverage available
○ Tech E&O vs Cyber Lawsuit
● Start with your own policy
● Determine what security controls are required
○ E.g., Backups, Email Filtering, EDR, MFA, Vulnerability Mgmt., PAM, etc.
● Augment the controls with stopping attacks in mind
● Keep clients informed about changes in policy requirements
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11. Immutable Backups and MFA
● Core required security controls
● Backup Immutability
○ via backup software, cloud storage, or both
● Multi-factor authentication
○ For everyone
● Ounce of prevention vs. pound of cure
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12. Thanks To Our
Sponsor Backblaze
Sonos Era 100
Giveaway

13. QUESTIONS?
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14. Manage. Support. Protect.