Cyber Insurance Strategy Requires CISO-CFO Collaboration

This article outlines how cyber insurance is becoming standard for organizations and emphasizes board oversight of cyber risk, advocating for close collaboration between CISOs and CFOs to translate technical threats into financial impact through risk quantification. Citing guidance from Google Cloud’s Office of the CISO, it recommends using public breach data and internal incident history to build and iteratively refine cyber risk models. The piece also notes evolving cyber insurance exclusions (e.g., cyberwar, systemic risk, generative AI) and encourages early, continuous alignment between security and finance teams.