Risk Reduction for Cyber Insurance

Demand and Claims for Cyber Insurance on the Rise

Cyber risks are not new—they have been around for more than two decades. However, in recent years, they have become one of the top threats to a company’s survival. The types of threats, who is attacked, for what purpose, and to what extent is constantly evolving with increasing creativity.

Digital transformation has driven the enterprise to be increasingly connected via cloud migration, with integrated services and IoT causing the amount of data consumed to skyrocket. This has increased both the surface area and the incentive for attackers. An organization could be hit by malware, ransomware, social engineering, or hijacking, potentially denying it access to its own data. 

Importantly, the target of these types of attacks is primarily the organization’s data—and not just the data used during day-to-day operations. The third-party data constantly flowing through an organization's systems as it transacts business in this modern structured data environment is also at risk and therefore needs to be protected and considered.

Reduce Cyber Risk to Strengthen Cyber Policies

TokenEx is a solution and a partner in your data risk assessment and protection process. By working alongside our team of cybersecurity and compliance experts to focus on protecting structured data, you can resolve your exposure to many forms of cyberattacks and optimize your insurance protection.