The Security Controls Insurers Require: Are You Prepared?
As cyber insurance becomes an essential safety net for organizations, securing coverage—and keeping premiums reasonable—is more challenging than ever. Insurers are no longer satisfied with basic defenses; they expect comprehensive, well-documented security protocols. Without clear evidence that you’re actively managing and mitigating cyber risk, you could face either denial of coverage or skyrocketing premiums.
Why Cyber Insurance is Essential for Every Organization
Cyber incidents such as ransomware attacks, data breaches, and other security threats can wreak havoc on your organization. Cyber insurance helps offset the financial impact, covering costs like recovery, legal fees, and regulatory penalties, while also helping to maintain business continuity during a crisis.
However, as the number and complexity of cyberattacks increase, so do the standards for obtaining cyber insurance. Insurers are now scrutinizing potential policyholders more closely, requiring them to demonstrate a proactive approach to cybersecurity. It’s not enough to have basic defenses in place—insurers want to see advanced security measures that actively reduce risk. The more secure your organization, the more likely you are to qualify for coverage and keep premiums manageable.
Introducing Our Cyber Insurance Checklist
With ransomware and data extortion risks at an all-time high, it’s crucial to stay ahead of the curve. Proactively fortifying your security posture not only protects your organization’s sensitive data and operations but also helps you maintain affordable insurance coverage. A single cyber incident can lead to devastating consequences: lost revenue, canceled policies, legal battles, and reputational damage.
Our “Cyber Insurance Checklist” is designed to help you navigate the evolving requirements of insurers. It outlines the key security measures every business should implement to minimize risks and ensure compliance with today’s stringent insurance standards. Download the checklist today to see what security controls insurers expect and how they help reduce your exposure to cyber threats.
