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A ransomware attack occurs every 14 seconds. Cyber attacks occur once every 39 seconds. The average ransomware attack costs a company $170,000! Does your business need cyber insurance? Is cyber insurance really worth the investment? What is a cyber warranty? Barb speaks with Nick Wolf, part of Cork\u2019s Leadership Team about Cyber Warranties.

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0:00 \u2013 Barb's Introduction

1:21 \u2013 Who are Nick Wolf and Cork?

2:05 \u2013 Why would a business need supplemental cyber insurance coverage, as opposed to regular cyber insurance?

4:50 \u2013 What gaps does the cyber warranty fill in for an MSP\u2019s customers?

5:22 \u2013 Since there is no software or hardware to install, what are the requirements for coverage?

10:27 \u2013 How does a payout impact an MSP's premium, or is each MSP\u2019s customer's premium calculated independently?

11:07 \u2013 What does the payout cover if there is a request for compensation following a breach, fraud or cyber crime?

12:33 \u2013 Do businesses need cyber insurance if they have an incredibly awesome MSP taking care of their networks, and have a cyber warranty in place?

14:14 \u2013 What is the most important thing Nick has ever learned?

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This podcast has been brought to you by CDNTechnologies.com. Canada's first and only certified outsourced IT Company where we provide IT Service, IT Support and Cyber Security to businesses all throughout North America from out worldwide headquarters in Oakville, Ontario.

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