Resistance is NOT Futile for Cyber Insurance Insurers

If you think that the business general liability or even purpose built cyber insurance policies will cover you in the event of a cyber-security breach, it’s highly likely you are mistaken. In fact, it is in your carrier’s best business interest to deny your claim.

Chances are the exemptions in your cyber insurance policy exclude coverage for access to or disclosure of confidential or personal information which accounts for the majority of claims. Cyber criminals are in it for profit which means they are going after confidential or personal information.

Cyber insurance claims are being denied when breaches occur as the result of hackers exploiting commonly known security vulnerabilities which amounts to negligence on the insured. When on average 96% of all breaches are avoidable, the only thing that stands between being breached and having your cyber insurance claim denied is the effective implementation of controls and countermeasures from taking a Proactive Cyber Security approach.

Lazarus Alliance is Proactive Cyber Security™

Lazarus Alliance will examine your policy during an IT risk assessment or Cybervisor™ readiness review and help you understand where your vulnerabilities and threats to your business may be. It may very well be that cyber insurance policy you purchased to protect your business.

Risk management is so fundamentally important to business survival. Organizations all around the world are suffering through cyber-attacks; some unsuccessfully too. Espionage and Hacktivism is on the rise. Additionally, the global economic crisis exposed major weaknesses in the systems of financial institutions, motivating companies to reassess their IT. As if that were not enough, increased regulatory demands, pressure from top management for faster and better business information, and advances in risk management by top-tier competitors are prompting smart companies to transform their risk IT functions.

Is Anyone Exempt From Cyber Crime Anymore?

With a show of those virtual hands, who has been notified by their credit card company about their personal information being exposed to cyber-crime? Now, with a show of those virtual hands; who has never been notified?

If you think the problem is that cyber criminals are too good; you are mistaken. The problem is that companies protecting your personal information are not doing enough to be better. It is not too difficult to be proactive and prevent cyber-crime. It is not too difficult to deter cyber-criminals. It takes Vigilance-Technology-Governance (aka. The Security Trifecta™) coupled with qualified security practitioners to effectively implement the controls and countermeasures.

Cyber-criminals are increasingly working in teams because one person does not have all of the answers, but collectively teams tend to. The same scenarios applies to security and risk professionals fighting the good fight. We are better when we work as a team.

Your Personal CXO ® Cybervisor ® Service Overview

Lazarus Alliance supports our customers as a trusted cyber advisor, providing consulting services which identify and improve our customers’ operations across Information Technology (IT), finance, human resources and other mission-critical areas preventing cyber crime.

Lazarus Alliance services include:

• Cyberspace Security: Part of your cyber crime prevention road-map to success includes evaluating and transforming technology that finds equilibrium between high security and high productivity. Lazarus Alliance will get you there by leveraging our extensive industry recognized risk management methodology, business acumen and cutting edge approach to transforming your business.
• Cyberspace Law: Lazarus Alliance is a highly specialized and experienced cyber investigation and digital forensics firm that helps Corporations, Small Businesses, Law Firms and Private Individuals with complex technology issues. Lazarus Alliance is a leading cyber investigation company and litigation support firm that will work on your behalf quickly and accurately achieving the desired resolutions.
• Regulatory Compliance: Lazarus Alliance is a specialized firm providing international value added assurance, IT security and IT compliance services; focusing on designing solutions for customers seeking to comply or in the process of becoming compliant. It is our goal to provide excellent customer service while empowering our clients to understand all elements of compliance. We team with our clients to meet their needs and the stringent demands of their customers and vendors.
• Governance: Lazarus Alliance provides support to cyber security programs by building and evolving effective governance strategy in order to establish the proper authority and accountability. Grounded within Lazarus Alliance’s HORSE Framework and The Security Trifecta methodology, our approach leverages a holistic understanding of the key mission, people, process, and technologies within the organization to develop a governance program aligned to the culture and mission of the agency or company.
• Risk Management: Lazarus Alliance understands that in order for organizations to effectively manage risk and cyber crime they must have the ability to forecast and model events based upon an aggregation and correlation of prevailing data through key risk indicators that align with business objectives. We provide our customers with services to build a risk management capability so that they can transform into more risk aware organizations, with the ability to quickly and effectively identify and address risk.
• Strategic Planning: How do you get to “Point B” if you don’t own a map? Lazarus Alliance sets you up for success by providing meaningful insight into your business through risk assessments and leveraging our wellspring of intellectual property.
• Technology Transformation: Part of your road-map to success includes evaluating and transforming technology that finds equilibrium between high security and high productivity. Lazarus Alliance will get you there by leveraging our extensive industry recognized risk management methodology, business acumen and cutting edge approach to transforming your business.
• Human Capital Assessments: We have been in the business of assessing risk to business for a long time and along the way have developed leading edge risk assessment techniques and technologies that in part, help in evaluating the risks from your human capital. It’s a well-established fact that our trusted insiders present more of a risk to our business than external threats do. Lazarus Alliance is leading the way in human capital assessments.