Does cyber insurance actually incentivize organizations to improve their security?

Question

Answer

Does car insurance actually incentivize drivers to improve their driving ability? Flippant answer, but in practice, cyber insurance at best allows one to de-risk in event of a major issue, but doesn't do anything to improve overall security posture. That is up to Leadership.

Answer

Nope... just CYA

Answer

Interesting. Is it in the nice-to-have category? Or must have?

Answer

Ask it like this: Does auto insurance actually incentivize people to drive more safely? Answer is: it depends on the policy. If the policy gives specific incentives, it will improve things. If not, often status quo.

Answer

Not at all. It is barely a risk loss mitigation