Secure Score. Save BIG on Cyber Insurance – Munio – Technologist

How Increasing Your Office 365 Secure Score Can Lower Your Cyber Insurance Costs

Cyber threats loom large, businesses are increasingly turning to cyber insurance as a safety net. However, premiums can be steep. An effective way to mitigate these costs is by improving your organisation’s cybersecurity posture, as demonstrated through measures like the Office 365 Secure Score.

Understanding Office 365 Secure Score:
The Secure Score in Office 365 is a metric that assesses your organisation’s security position within the platform. A higher score indicates a stronger defense against potential breaches. It evaluates factors like user behavior and security settings.

The Link Between Secure Score and Insurance Costs:
Cyber insurance providers assess risk before determining premiums. A high Secure Score signals to insurers that your business takes cybersecurity seriously, thereby reducing the perceived risk and potentially your insurance costs. Insurers are more likely to offer lower rates to organisations that demonstrate proactive security measures.

Strategies to Increase Your Secure Score:

1. Multi-factor Authentication (MFA): Enabling MFA is one of the most effective ways to prevent unauthorised access.
2. Regular Software Updates: Keeping software up-to-date ensures that the latest security patches are in place.
3. User Education: Training employees to recognise phishing attempts and follow best security practices.
4. Data Access Policies: Limiting user access to sensitive data on a need-to-know basis.

Benefits Beyond Insurance Costs:
Improving your Cyber Score isn’t just about lowering insurance premiums; it’s about building a resilient security culture. A higher score means a reduced likelihood of breaches, which can save costs related to data loss, regulatory fines, and reputational damage.

As cyber threats continue to evolve, it’s crucial for businesses to leverage every tool at their disposal to enhance security. Increasing your Office 365 Secure Score is a proactive step that not only fortifies your cyber defenses but also provides financial benefits through reduced cyber insurance costs. It’s a testament to the fact that in cybersecurity, proactive and preventative measures are always the best strategy.

Contact Munio today to see how we can help increase your Cyber Secure Score, whilst at the same time, DECREASE your Cyber Insurance premiums.

Tel: 01795 383 383 (South East) | Tel: 0208 070 0070 (London) | hello@munio-it.co.uk