03/22/2021

In this video, Andrew and experts like Justin Rymuth, Gary Pica, and Wes Spencer discuss the pressing issues surrounding cyber insurance and the evolving responsibilities of MSPs in the face of increasing cyber threats. They delve into the importance of MSPs ensuring their clients carry cyber liability insurance and adhere to industry standards, emphasizing the need for clear documentation and due diligence in vendor management. The conversation highlights the crucial role of proactive risk management and the challenges posed by new legislation and evolving insurance requirements.

• The webinar highlights the shift in accountability from MSP clients to the MSPs themselves due to negligence in implementing security measures like 2FA and EDR.
• There is emerging legislation, such as in Connecticut, proposing incentives for businesses to follow cybersecurity frameworks, which indicates a broader trend toward regulatory involvement in cybersecurity.
• Cyber insurance companies are becoming more stringent with policy requirements, demanding MSPs and their clients adhere to security standards and carry cyber liability insurance to mitigate risks.