Navigating cyber insurance’s higher stakes is a daunting proposition for even the largest Fortune 500 organizations. Buyers seeking new or updated insurance policies need an objective, outside set of eyes to help scope and tailor coverage, while providing ongoing risk management advice.
Pondurance performs this role across a host of industry sectors, bringing years of insight from monitoring client networks, responding to incidents, tracking evolving threats, and distilling data necessary for risk-based decision-making.
When finalizing cyber insurance policies, policyholders benefit from specifying their designated go-to response firm for incidents. Specifying your own response firm, particularly one already familiar with your operations and insurance situation, is a pivotal step underpinning the total value of a policy.
Pondurance takes the data-first philosophy into every security consultation, insurance assessment, and advisory conversation anytime clients launch mergers and acquisitions, modernization, pandemic response, and other initiatives. Following the data is essential for dispelling assumptions and a false sense of security. Policyholders cannot afford to wait until a crisis happens to discover whether an incident is covered.
A policyholder should designate upfront which incident response firm it will work with. Otherwise, the policyholder will have to work with one of the insurance provider’s default incident response partners that will focus first and foremost on meeting the insurance provider‘s interests.
In cyber insurance matters, Pondurance works as the policyholder’s advocate and ally, using knowledge of our clients’ security architecture and wider industries to conclusively determine what happened, from the root cause of an incident through downstream consequences. In incident response work, Pondurance helps clients execute plans and facilitate crucial time-sensitive processes, from preserving evidence and IT operations to supporting insurance claims and independently verifying when affected systems are fully restored. In a tornado analogy, this goes beyond measuring holes and taking pictures of debris. Pondurance helps clients with the IT equivalents of getting utility services restored, inventorying possessions in a new, secure space, and assessing how recovery construction can improve ruggedness and resiliency in the end.