BIZOPS-21 Cyber Insurance

What is BIZOPS-21 cyber insurance control about?

The BIZOPS-21 Cyber insurance control talks about protecting your organization in the event of a data breach or other impact that negatively affects it.

BIZOPS-21 Cyber Insurance Control is a comprehensive system designed to mitigate the risks associated with cyber insurance. It provides organizations with a set of controls and measures to protect against cyber threats and vulnerabilities. The control framework includes policies, procedures, and technologies that aim to prevent, detect, and respond to cyber incidents.

BIZOPS-21 Cyber Insurance Control helps organizations assess their cyber risk exposure, establish appropriate insurance coverage, and implement effective security measures. By following the control framework, organizations can minimize the financial and reputational damages caused by cyber attacks and ensure they are adequately protected in the event of a breach.

There is no formal amount that is required other than proof of a policy. Each organization must contact insurance companies and provide the necessary information. A premium will be established based on the provided documents.

Available tools in the marketplace

Available templates

TrustCloud has a curated list of companies for your cyber insurance.

1. Cyber insurance list of companies

Control implementation

To implement this control,

1. Shop for a cyber insurance policy.

What evidence do auditors look for?

Most auditors, at a minimum, are looking for the below-suggested action:

1. Provide the most recent cyber insurance certificate showing the coverage.

Evidence example

For the suggested action, an example is provided below:

1. Provide the most recent cyber insurance certificate showing the coverage.
   The following screenshot shows TrustCloud’s cyber insurance example, showing the insurer’s name, the coverage details, and the coverage period.
   
   

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