Cyber Insurance & Security Essentials Every Leader Needs to Know
Every day, organisations face increasing scrutiny when it comes to cyber insurance compliance.
While the headlines often focus on large-scale breaches, it’s often the smaller details that can put your business at serious risk. Something as simple as one outdated device or a lack of multi-factor authentication (MFA) could completely void your insurance policy.
It’s not just about jumping through insurance hoops—these measures play a vital role in protecting your business’s broader environment. Today, I want to explore the critical steps you must take to align with both security best practices and insurance criteria.
Why MFA Is a Cyber Insurance Non-Negotiable
The Growing Role of MFA
Multi-Factor Authentication (MFA) has become a foundational criterion for cyber insurance providers. If your organisation has external websites, remote access interfaces, or any touchpoints requiring authentication, MFA isn’t optional anymore. It’s the safeguard that signals you’re taking security seriously.
At Teba, we’ve made implementing MFA as straightforward as possible for businesses. From Microsoft Authenticator to biometric options, there’s a solution for every operational setup.
The result? Security that’s robust yet frictionless for your end users.
Think beyond just ticking a compliance box. MFA doesn’t just protect your systems from external threats; it also gives your business a competitive edge by instilling confidence in stakeholders about your commitment to safety.
The Hidden Risks of Legacy Systems
Unsupported Platforms Are a Silent Threat
I’ve seen it countless times. Organisations run systems they no longer understand or even realise are outdated. Whether it’s a software application no longer receiving updates or hardware that’s past its lifecycle, these components are huge liabilities.
The reality is this: cyber insurance providers have no tolerance for outdated systems. I recall one client whose CEO couldn’t sign off on their insurance renewal due to a single unsupported device. The insurer viewed that one device as such a significant threat that it stalled the entire process.
How to Proactively Tackle Legacy Risks
Audit Regularly. It starts with a comprehensive review of your systems. What’s nearing its end of life? What’s already out of support?
Replace or Update Early. Don’t wait for deadlines to creep up. Replacing legacy systems on your timeline avoids last-minute, costly fixes.
Future-Proof with Strategy. Partner with experts to create a roadmap that aligns hardware and software upgrades with your business objectives.
By addressing these gaps now, you not only meet compliance needs but significantly reduce the attack surface for cyber threats.
A Balanced Approach to Security
It's Not Just About Compliance
There’s a delicate balance between tightening security measures and ensuring day-to-day productivity. If security measures frustrate employees or slow down workflows, they’ll look for workarounds—which defeats the whole purpose.
That’s where proactive security planning meets thoughtful user experience design. After all, what’s security worth if it brings business operations to a halt?
Are You Prepared?
Whether it’s implementing MFA, replacing outdated hardware, or navigating insurance compliance, one thing is clear: proactivity always trumps reactivity in cybersecurity.
If these challenges sound familiar or if you’re unsure where to begin, we’re here to help. At Teba, we bring hands-on expertise to identify gaps, implement changes, and safeguard your business against evolving threats.
What small changes will you make today to secure your organisation’s future?
