We’ve recently had a few clients inquire about two additional services that we offer: help with PCI Compliance Audits and Cyber Liability Insurance.
Businesses of all sizes must undertake PCI compliance auditing to ensure that their customers’ data is protected during credit or debit card transactions and if stored within any internal business databases. PCI compliance auditing is a process whereby your business point of sale system is assessed. The purpose of this is threefold: (1) to examine your system, (2) to identify vulnerabilities, and (3) to prevent data from being compromised. This can be a bit overwhelming for the average user. That’s where we come in – to work with your systems to ensure you will pass a PCI Compliance Audit.
Data breaches are now a fact of life together with taxes and death, but how can your business better manage the risks related to a data breach and reduce the significant cost that can result from them?
One of the options is to buy Cyber Liability Insurance. This has been available in the market for around 10 years, however many businesses don’t know this exists.
As the expense of dealing with a data breach gets higher – the option of using Cyber Liability Insurance will become more attractive for many businesses, in much the same way that existing business insurance policies for fire, flood and theft are a vital itinerary in the risk management toolkit.
We help our clients with the technical questions that insurance companies ask when preparing for Cyber Liability Insurance coverage.