Business
ePlus Launches Suite of Security Services to Address Cyber Insurance Requirement Concerns
Launched during National Cyber Security Awareness Month, this new suite of offerings enhances awareness around ransomware attacks and heightened insurance
About this update from Eplus Inc.
[{"type":"text","content":"Launched during National Cyber Security Awareness Month, this new suite of offerings enhances awareness around ransomware attacks and heightened insurance coverage standards\n\n\nHERNDON, Va., Oct. 21, 2021 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has launched a suite of security services to help organizations address requirements relating to increasingly stringent cyber liability insurance standards. \n\n \n \n \n \n \n \n\n \nAnnounced during National Cyber Security Awareness Month, ePlus' suite of Cyber Services is designed to help remedy security posture gaps that may hinder insurability or lead to rising premium costs. Focusing on prevention, the Services offer varying engagement levels, ranging from vulnerability identification or preparedness assessments to full-on liability consulting and incident response, helping put organizations in a stronger position to meet new, emerging and stricter requirements.\nePlus Cyber Services include:\nCyber Insurance Consulting: Helps evaluate mandates from cyber insurers and guides organizations toward security frameworks expected by providers of cyber liability insurance. Ransomware Preparedness Assessment: Helps ensure an organization is able handle a potential Ransomware event from a technical perspective. Incident Response Services: Assists in defining business processes and minimizing potential exposure in the event of an incident. ePlus offers both real-time point engagements and retainer-based services to facilitate priority, rapid response. Cloud Managed Backup: Fully manages the backup and recovery environment along with regular testing so organizations can more quickly recover when disaster strikes. Managed Security Services: Ensures continuous monitoring and security operations for organizations with Managed Detection and Response, Automated Security Operations, Log Aggregation, Correlation and Compliance.As the prevalence of ransomware attacks increases, cyber insurance coverage requirements are growing, along with the cost to maintain policies. A recent study reported that insurance rates have increased between 30-50 percent across the board1, and a June 2021 Market Segment Report states that ransomware now accounts for 75 percent of all cyber insurance claims2. Focusing efforts around preparedness, backup, recovery and other areas evalua...