Cybersecurity Insurance 101

by Jon Lober | NOC Technology

What requirements can I expect from a cyber insurance policy?

As cyber threats evolve, so has the approach to managing these risks. Measures like multi-factor authentication (MFA) and endpoint protection are becoming increasingly important, but what if your security measures fail? How can you protect your business from becoming one of the 60% of small businesses who close following a cyber breach?


What is Cyber Insurance?

Cyber insurance is a type of insurance designed to protect businesses from the financial fallout of cyber threats such as data breaches, ransomware attacks, and other forms of cybercrime. It typically covers expenses related to data restoration, legal fees, notification costs, and sometimes, ransom payments.


Evolving Requirements of Cyber Insurance

Insurers always have measures in place to hedge their bets, too. Here's what most cyber insurance policies will require of policy holders.


  • Risk Assessment: Insurers are placing greater emphasis on comprehensive risk assessments before providing coverage. This means evaluating a company’s current cybersecurity practices, incident response plans, and overall security posture.
  • Increased Security Measures: As part of risk mitigation, insurers now often require businesses to implement specific cybersecurity measures, such as MFA and endpoint protection. Let's take a closer look at a few of these measures.


Multi-Factor Authentication (MFA)

MFA adds an additional layer of security by requiring users to provide two or more verification factors to gain access to a resource, like a database or an online account. MFA significantly decreases the chances of a successful cyber attack by making it harder for attackers to gain access, even if they have a password. Instead, you'll have to demonstrate something beyond a password. This could include something you know (a password), something you have (a smartphone), or something you are (biometric verification). Learn more about MFA apps we recommend in this video.


Endpoint Protection

Endpoints are just IT-speak for devices (like computers, mobile phones, and servers) that connect to a company's network. Endpoint protection involves securing these devices from malicious activities and threats.


The Future of Cyber Insurance

As cyber threats continue to evolve, so will the requirements for cyber insurance. Businesses can expect insurers to demand more sophisticated cybersecurity measures and a proven track record of effective cyber risk management.


Want to know more? Learn even more about cyber insurance from our conversation with an expert!

Tech upgrades that will boost employee safety in sheltered workshops
By Jon Lober April 15, 2025
At NOC Technology, we've worked with Missouri sheltered workshops for over seven years, and I've witnessed firsthand how the right technological implementations can transform sheltered workshop environments. Today, I'd like to share some insights on leveraging modern technology to create safer workspaces while maintaining the dignity and privacy of all participants. The Unique Safety Challenges of Sheltered Workshops Sheltered workshops provide valuable employment opportunities for individuals with disabilities, but they also present unique safety considerations. Workers may have varying levels of physical mobility, cognitive processing, and sensory perception—all of which can impact how they respond to traditional safety measures. Additionally, the production environments often involve machinery, tools, and materials that require careful monitoring and management. The Role of Smart Technology in Safety Advancements in smart technology provide real-time safety monitoring, immediate alerts for potential hazards, and improved emergency response times. Let’s explore some key technologies and their benefits in sheltered workshop environments. Personalized Alert Systems Traditional emergency alarms can be overwhelming for individuals with sensory sensitivities. Smart alert systems can deliver personalized notifications through: Vibrating wristbands that alert workers without auditory overload Visual notification systems with customizable colors and patterns Tablet-based communication for workers who benefit from visual cues Location-specific alerts that only notify those in affected areas We recently implemented a multi-modal alert system at a workshop in central Missouri that reduced anxiety-related incidents during emergency drills by 65% . Environmental Monitoring Maintaining optimal environmental conditions is crucial for both safety and productivity: Temperature and humidity sensors that automatically adjust HVAC systems Air quality monitors that detect potentially harmful particulates Noise level monitoring to prevent sensory overload Automated ventilation systems that activate when chemical levels exceed thresholds These systems not only protect workers but also provide documented compliance with OSHA regulations. Enhanced Supervision through Smart Cameras Security cameras have evolved beyond simple surveillance. Modern systems can: Detect unusual patterns that might indicate a worker in distress Monitor restricted areas without constant staff presence Identify when machinery is being used incorrectly Alert supervisors to potential safety hazards Important note: All camera systems should be implemented with strict privacy protocols and transparent policies. Workers and guardians should be fully informed about what is being monitored and why. In many cases, audio cannot be recorded, and the camera system must be configured to meet this requirement. Wearable Safety Technology Wearable devices offer personalized safety monitoring without stigmatization: Fall detection pendants that automatically alert staff Location tracking that helps locate workers in emergency situations Biometric monitoring for workers with health conditions Proximity sensors that prevent accidental entry into hazardous areas These wearables can be designed to look like standard ID badges or watches, preserving dignity while enhancing safety. Implementation Best Practices Successfully integrating smart technology into sheltered workshops requires careful planning: Involve all stakeholders: Workers, guardians, and staff should participate in selecting and implementing new technologies. Prioritize simplicity: Choose solutions that require minimal training and maintenance. Phase in gradually: Introduce new technologies in stages to allow everyone time to adapt. Balance automation with human oversight: Technology should supplement, not replace, trained staff. Respect privacy: Collect only essential data and maintain strong security protocols.
Could your sheltered workshop benefit from grant funding for new technology?
By Jon Lober April 7, 2025
As a sheltered workshop, you play a crucial role in providing meaningful employment opportunities for individuals with disabilities. However, like any organization, securing funding for technology upgrades can be a challenge. While investing in the right tools can improve efficiency, security, and overall productivity—that’s all only if you can afford the tools in the first place.
best office pranks for April Fools 2025
By Jon Lober March 31, 2025
Need April Fools pranks for your office? This list is technically harmless, but great fun. Happy pranking!
More Articles
Share by: