The article from Dark Reading discusses the evolving role of cyber insurers in the cybersecurity landscape. Due to increased cyber threats, particularly ransomware, cyber insurers are becoming key players in setting cybersecurity standards. They use detailed self-assessment questionnaires to understand applicants’ security postures and require organizations to have robust cybersecurity measures in place. Please meet these standards to avoid denial of coverage or higher premiums. Conversely, meeting them can lead to easier qualification for insurance and lower premiums at renewal. Chief Information Security Officers (CISOs) must now be able to prove their organizations’ cyber maturity and make their cybersecurity posture visible to insurers. They must maintain detailed records, build reporting systems, and adhere to cyber-defense best practices. As the market becomes more competitive, the rules are standardizing, requiring transparency and accurate security investments to further an organization’s cyber resilience.
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