How to Get the Most Out of Cyber Insurance

Executive summary: This article outlines how cyber insurance has become a rapidly growing but maturing market with rising premiums and more restrictive coverage as underwriters gain access to richer threat and control data; smaller organizations are more likely to be denied coverage due to weak security practices. It recommends proactive self-assessment, clear understanding of coverage limits and compliance requirements, and prioritized improvements in identity hygiene and privileged access management so organizations can demonstrate effective controls and secure more favorable insurance terms.