Meet Your New Cybersecurity Auditor: Your Insurer>
Dark Reading – Mark Logan
As ransomware attacks plague businesses, cyber insurers are emerging as critical stakeholders in pushing for improved cybersecurity measures.
CISOs now face the task of navigating increasingly expensive cyber-insurance premiums, which have risen sharply due to a spike in cybercrime.
Insurers are demanding detailed self-assessments on security postures, and organizations may face coverage denial or higher premiums if they fall short.
To secure better premiums, CISOs must validate their security measures, demonstrate cyber maturity, and invest in areas that underwriters prioritize.
Accurate self-assessment, diligent documentation, and showcasing an organization’s cyber strengths have become key factors in maintaining competitive insurance coverage and enhancing overall cyber resilience.
Link: https://www.darkreading.com/risk/meet-your-new-cybersecurity-auditor-your-insurer