Demand for insurance policies to cover the damages of cybercrime is rising as companies recognize that the question isn’t whether they’ll be attacked, but when. We’re seeing a lot about two trends in the cybersecurity insurance market:
- Cyber insurers are teaming up with security ratings firms to get the information they need to underwrite policies and set premiums accurately.
- Cyber insurers are keeping an eye on clients’ security postures not just before they create a policy, but after the policy is signed.
Cybersecurity insurance is worth every penny you spend on it, but that doesn’t mean you should pay top dollar. You can lower the cost by verifying that you’re doing all you can to protect yourself at all times. Xantrion can help you develop a comprehensive data security plan. Contact us to get started.
