What’s happening today in the cyber insurance market is comparable to what happens to property insurance in a region that experiences a major hurricane or devastating flood. Not only are your company’s premiums increasing; oftentimes, insurers are scrutinizing your overall risk preparedness as part of their renewal process. In the first part of this two-part series, we’ll examine why cybersecurity insurance premiums have skyrocketed.

The cybersecurity community uses the term Advanced Persistent Threats to refer to threats that have extremely long persistence on a particular target—often lurking inside a target system for years. Their targets can include government agencies (at all levels), including contractors and suppliers far down the supply chain. Due to their passive nature, you may not even realize that your organization is a target for an APT. In fact, your infrastructure may already be infiltrated.

AEC firms have always looked for tools that give them a competitive advantage, but today’s technological advancements have pushed many of them into uncharted territory. Companies that long concerned themselves with the physical are now adapting to the digital, and they’re struggling to manage all the new software, the flood of data, and the rising threat of cyber attacks.

Even with the rise of messaging apps and other collaboration software, email remains the tool for business communications, both inside and outside the organization. And despite its enduring ubiquity, email still has its drawbacks, especially when it comes to sharing documents, PDFs, photos, and other types of content. The average person spends about 28% of their workday dealing with emails, sending and receiving more than 600 each week.

Egnyte is excited to share a number of improvements that were made to the platform this month, including added secure sharing capabilities, an expansion of supported preview file types, and more governance features for administrators.