Cyber insurance: Not sexy, but critically important for protection

TL;DR:

• Cyber insurance has evolved significantly in the past five years
• Compliance and risk models are crucial in cyber insurance
• Maintaining cyber insurance requires regular vulnerability assessments and staying ahead of the evolving threat landscape
• Open communication with insurers about potential vulnerabilities or changes in operations can help provide accurate coverage

There are ongoing changes in the cyber insurance industry, with a focus on expanded access for SMBs. Karl Sharman and Andy Moss discuss the importance of cyber insurance and its role in a comprehensive cybersecurity strategy. They highlight the need for compliance, risk models, and regular vulnerability assessments to ensure accurate coverage and stay ahead of evolving threats. The future of cyber insurance may involve increased transparency, innovative services, and improved communication with clients.