September 2022 TECH talk – The Cyber-insurance Landscape is Changing – Are you still Insurable?
Cyberattacks continue to rise and many organizations — including those with mature cybersecurity programs — are looking to reduce their financial risk through cyber insurance. With reported claims rising by 100% annually in the past three years, and claims closed with payment growing by 200% annually over the same period, insurance entities have responded by becoming more selective about who and what gets covered.
Consequently, many insurance companies are expanding their minimum cybersecurity baseline requirements beyond general “best practices” to a higher level of maturity seen historically in only regulated industries.
Join DataEndure’s TECH talk where we’ll share market conditions, highlight security protocols that are now expected and discuss ways to reduce risk and keep your cybersecurity insurance premiums affordable.