The Expert Podcast

…We've talked a lot about. Cyber liability insurance and how to protect yourself as a company from data losses and cyber losses by purchasing a cyber insurance policy And that certainly is the way to go And it covers a lot of different expenses, but there's also other ways to skin a cat There may be additional coverages that you can get. By using a data recovery company Here's an example This company called Rubrik We're not associated with them We're not affiliated with them. we have never done business with them. But this is like a lot of other tech companies where. what they represent and what they offer is. If you contract with them for your data warehousing So your servers your data your PR. programs are all hosted in their data center, in the cloud. And they provide security protection cloud coverage And if God forbid something happens, they have what's called a warranty It's not insurance. It's a warranty up to $5 million ransomware recovery warranty. And it talks about what the terms and conditions are. there's probably limitations in certain areas. But it's another way to have protection. And presumably if they're putting 5 million of their money on the line for each client, They're going to do a lot of things that will try to prevent that event from happening in the first place. And they may have best practices We internally and they might give you some procedures to use at your facility for practices. can undertake to help protect. these ransomware events from happening in the first place. So there's many layers of protection You can have obviously one layer is procedures, but there's external…costs. re you know compensation that comes from various sources it could be insurance it could be warranties. It could be. different types of, organizations that you're already a member of that have. reimbursement for losses So take a look at all those and again the cost of doing this data warehousing might be more than it's worth to get the 5 million I mean they cover a lot of big companies. They have a list on here you know Kellogg's and Verizon and. Mazda are their clients. But presumably if they're. Hosting data for those companies are prob they probably know what you're doing and may be able to help you out.