It’s Official: Cyber Insurance is No Longer Seen as a 'Safety Net'

A blog post summarizes Mimecast’s State of Email and Collaboration Security 2024 findings that 65% of organizations no longer view cyber insurance as a comprehensive safety net (up from 50%) and 66% are less likely to rely on it due to policy restrictions (up from 52%), while 99% still carry coverage and 45% have multiple policies; it positions cyber insurance primarily for catastrophic events and advocates stronger security controls for email, protection against AI-driven attacks, and security awareness training to bolster resilience.