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Cyber Security

Protect Your Business From Cyber Risk

A data breach harms your business, budget, and the trust you’ve built with your customers. Our cyber security advisors can assess your risks and offer comprehensive protection with cyber liability insurance and risk management strategies, designed to protect what matters most.

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Cyber Risk Protection

Full Coverage Service

We’ll work with your team to help understand your cyber risks to tailor an insurance strategy that meets your unique needs, as well as offer risk management solutions to ensure cyber resiliency remains strong.

Decisions Backed By Data

Our cyber security consultants use loss modeling, benchmarking and threat intelligence tools that help translate cyber threats into real financial losses. This helps our clients make informed insurance purchasing decisions, as well as aiding in risk management strategies.

Forward Thinking

As your cyber insurance broker, we can provide advisory solutions, incident response resources and help build proactive risk management strategies, so your business knows how to efficiently respond and recover if a security or data privacy issue occurs.

Personalized Cyber Risk Strategies

Cyber security threats continue to increase and evolve, putting organizations of every size at risk of disruption, financial loss, and reputational damage.

Holmes Murphy’s Cyber Advisory Tools enable a smarter approach to cyber insurance decisions and proactive cyber risk management. Our cyber security consultants partner with businesses to anticipate exposures, align coverage with your cyber liability insurance needs, and implement strategies that reduce the impact of a cyber security event and take steps to prevent the likelihood of an incident.

Risk Valuation Understand the financial implications of cyber risk and threats with data-driven threat modeling and loss tracking.
Peer Benchmarking Compare your cyber insurance purchasing behavior with similar-sized industry peers to make informed decisions.
Predictive Analysis Leverage refined modeled losses with tailored company assessments to further quantify loss potential.
Threat Intelligence Stay ahead of emerging cyber risks with real-time data on threat vectors and vulnerabilities.

Cyber Security FAQs

What are some of the top cyber risks businesses face?

The largest cyber security and data privacy threats that businesses should be taking steps to protect against include:

  • Data breaches: When sensitive information is illegally accessed, stolen, or exposed, that is considered a data breach. This is a major cyber risk and liability that could have harmful financial, legal, and reputational repercussions to the business.
  • Phishing attacks: Attackers use deceptive emails, messages, or sites to trick individuals into revealing sensitive information. These losses tend to be both frequent and severe, and AI has made phishing attacks much more sophisticated and scalable.
  • Ransomware: A cyber threat that involves encrypting data and demanding payment for its release. These attacks can halt operations, damage reputation, and lead to costly recovery.
  • Malicious insider threats: Threats from within your own organization, such as employees or contractors, intentionally misusing their access to steal data, disrupt systems, or cause harm.
  • Navigating Evolving Technology Risks & Complexities: In recent years, there has been a surge of lawsuits targeting one of the most prominent features of every business’ operations: their websites. As companies increasingly adopt AI-based technologies, discerning “acceptable” versus “unacceptable” collection and use of data becomes increasingly complex.
How can I assess how much cyber insurance coverage my business needs?

There is no one-size-fits-all answer when it comes to cyber security and the attacks your business may face. That’s why each cyber liability insurance program is tailored to our client’s specific cyber risks. Holmes Murphy conducts a thorough advisory process including risk valuation, peer benchmarking, predictive analysis and threat intelligence to ensure our clients are protected.

 

Are some industries more at risk of cyber security issues and data breaches?

Holmes Murphy serves clients in all industries, and cyber insurance is essential for all types of businesses and regardless of size. While there are certain industries that may have greater financial exposure due to the types of sensitive data they handle, regulatory obligations, or have a higher reliance on digital systems, the fact is attackers often target companies with weaker defenses regardless of industry. Every business is connected, and that means every business is vulnerable to attacks.

The one thing that is very different about the cyber insurance marketplace is the lack of standardization. There isn’t a one-size-fits-all approach for businesses today. That’s where our expertise comes into play.”

Ross Ingersoll, Client Executive – Property Casualty, Holmes Murphy
Ross Ingersoll
Strengthen Your Cyber Security with Holmes Murphy

The cyber security landscape continues to evolve at a rapid pace. Technology is integrated into nearly everything we do, and businesses—no matter how large or small—rely heavily on it to operate. Cyber criminals are experts at taking advantage of weak cyber risk defenses. Is your company prepared?

Trusted Cyber Security Experts

With the growing number of cyber attacks, businesses need to ensure they are protected from threats. From breaches that cause reputational harm to ransomware attacks that shut down business operations and impact bottom lines, the cost of a data breach can damage your business.

Holmes Murphy doesn’t just place your insurance coverage. We help you manage, reduce, and insure against cyber risks. Our team of experts will prepare you with best practices to prevent a cyber security incident and provide guidance for your business if the unexpected happens.

Manage Your Cyber Risk With Data-Backed Decisions

One of the first steps in the process is for our team to collect data about your company’s current cyber security posture and exposures to get an idea of potential risks and how much coverage you will need.

Holmes Murphy utilizes our Cyber Advisory Tools to help our clients make accurate decisions. This data provides loss modeling insights, identifies cyber risks and threats to identify and remediate high-risk issues early, and compares benchmarking data against similar-sized peers so we can tailor the program to your specific needs.

Reduce The Likelihood of Attack With Strong Cyber Security Posture

A key priority for our clients is to implement necessary prevention strategies to help prevent attacks from happening in the first place. Some notable prevention examples include:

  • Multifactor authentication (MFA) for remote access and privileged or administrator access
  • Managed Detection and Response (MDR) and Endpoint Detection and Response (EDR) solutions
  • Isolated “air-gapped” backups
  • Employee security awareness training, including phishing simulation testing
  • Practiced and tested Incident Response Plan

These strategies don’t just reduce costs—they build resilience. A strong cybersecurity posture can mean the difference between a minor disruption and a catastrophic event. Good cybersecurity firstly starts with good hygiene; the importance of preventative solutions and employee education is paramount to mitigating the high costs of a data breach.

Cyber Liability Insurance Keeps Your Business Safe

After analyzing your data and discussing a market strategy for your organization, Holmes Murphy goes to market to secure the best cyber insurance coverage options for your business. We leverage carrier relationships to negotiate competitive rates and tailored terms that fit your unique cyber risks.

If a cyber incident occurs, we advocate for you throughout the claims process—ensuring coverage responds as intended, while helping identify ways to strengthen future protection.

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Let’s get started. Talk with our cyber security consultants today.
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