Check your Cybersecurity Stance: Mitigate your Risk and Rising Insurance Costs
We’ve received a growing amount of inquiries from prospects and clients related to this question: “Is there anything you can do to help lower our cybersecurity Insurance premiums?” During insurance renewal season, many have been surprised by the magnitude of premium increases. This was predicted to occur, but no one knew for sure how large the increases would be.
A Shift in the Cybersecurity Equation
Insurers are Demanding Stronger Cybersecurity Measures
A deeper look into the cybersecurity insurance marketplace provides more context as to what’s driving this activity.In the Harvard Business Review article, “Cybersecurity Insurance Has a Big Problem”, Tom Johansmeyer shares a thorough analysis of the emerging challenges. He summarizes that, “… while more attacks could stimulate demand, they also create a supply problem.