Cyber Liability Insurance Update

As your bank prepares to renew cyber liability insurance, please be aware of the minimum requirements to secure renewal terms:

• Multi-factor authentication for cloud-based services and all remote access to your network
• Virtual private network for remote access into your network
• Cyber security training provided at least annually to all individuals with access to your network or confidential/personal data
• Critical patches and updates implemented within 2 months
• Incoming emails scanned for malicious attachments or links
• All network devices protected with anti-virus, anti-malware or endpoint protection software
• Critical data is backed up regularly

 
For a comprehensive review of your bank’s insurance coverage, contact Mitch Florea at NBISCO at 402-904-7014 (direct) or mitch.florea@nebankers.org.