Welcome to EDGE Bandwidth, a show hosted by Patrick Whipkey, vice president of EDGE and Candice Aragon, vice president of marketing and education at the PSA Network, to share their expertise and have insightful conversations with professionals to explore and challenge what low voltage systems integrators are facing.

Everyone is vulnerable to cyber attacks; it is not a matter of "if" but "when," with the past years having them rise to the top threat for companies of all sizes. In this episode, we discuss the importance of cyber insurance, what to look for in a policy, how to set a budget, and best practices, with Wayne Dean, Partner at Snellings Walters Insurance Company. It might be a little difficult to know where to begin, but we walk you through the process so you can minimize loss when it occurs. Join this conversation and learn about the future of cybersecurity insurance, 

Jump straight into:

(00:52) - The importance of cyber security policies - “When cyber was formed by Steve Haas, it was designed to protect us on an individual basis. To help protect us from credit card theft, identity theft, and that's changed and evolved over the last years. And so from a company perspective, I would say the number one threat to a business is a cyber attack.”

(04:12) - What should be looked for and best practices to get a cybersecurity policy - “You have to understand, first off, what coverages you're applying for. And second, asking yourself, are you able to get that amount of insurance for all of the carriers?”

(12:20) - Based on the type of company, how to calculate risk and create a budget for a cyber security policy - “​The more security measures and best practices you have in place, the better story we're gonna be able to give to the carrier and the better result we're gonna get from a premium perspective.”

(14:11) - Tips, tricks and first steps for integrators to fully secure their company. - “Form a team inside your operation, include your IT guy and management, and then you explore options.

If you don't have a cyber policy in place, you absolutely need to move in that direction.”

Thanks for tuning in! EDGE Bandwidth is a show produced by StudioPod Media, for more information about their podcast production services, feel free to check out their website. Special thanks to our sponsors over at Shure.