With risks on the rise, cyber insurance has emerged as a critical safety net. Policies cover various incidents, from data breaches to ransomware attacks. But do these policies suffice? Here’s an insight that could alter your protective measures.
While cyber insurance provides financial backing post-breach, it cannot reduce the likelihood of attacks. Policy premiums often reflect extensive security measures, incentivizing purchasers to enhance their defenses. Is insurance the right fit for your strategy? Insights ahead could enlighten your options.
Critically, some organizations remain underinsured or misunderstand policy coverage, leading to costly missteps. Being well-informed about policy terms prevents surprises post-incident. Are you confident in your understanding? Discover what insiders suggest next.
Innovative insurers are providing policyholders with resources and support, including risk assessments and training programs. This proactive approach aims to prevent breaches entirely. Curious about these novel tactics? There’s more than meets the eye next.