Comprehensive planning and prevention efforts can mitigate the risk associated with cybersecurity threats. However, it is impossible to eliminate all risks. Preparedness is what separates a botched response from a secure one.
Ransomware is a form of malware that exploits system and user vulnerabilities in order to hijack files, a device, or an entire system in order to extort a ransom. Typically, it will be designed to encrypt a system and unlock it only after a ransom is paid. Failure to pay can result in data exfiltration, public disclosure of data, or permanent destruction of data.
Security breaches and incidents are a constant challenge for CTO’s. Cyber insurance is an effective way to protect schools or districts from incurring a significant financial burden.