Have you seen any major shifts in the world of cyber insurance recently?
Head of Security and Compliance in Software, 51 - 200 employees
In dealing with all the insurance policy adjustments, and some of the issues related to new and evolving threats do pop up as part of that insurer’s questionnaire. There are a lot of requests for proposals (RFPs) that come to us from prospects and the insurance questionnaires almost reflect that RFP questionnaire. They have become so sophisticated that they're pretty much doing the due diligence of a company from top to bottom. Now they're grilling you on how you are protecting data, even to the extent of asking about Zero Trust access.IT Manager in Services (non-Government), 10,001+ employees
When we were renewing our cyber liability insurance, it was almost like an audit in itself. I thought they were thorough and quite granular in the questions they were asking.Content you might like
CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.Cyber insurance with ransomware coverage44%
Law enforcement contact(s)44%
Ransomware response plan60%
Ransomware task force/team38%
Bitcoin account for ransomware payments15%
Disaster recovery site33%
Other (comment below)1%
561 PARTICIPANTS
Scalable AI49%
Composable Data and Analytics41%
XOps23%
Data Fabric34%
Engineering Decision Intelligence25%
Augmented Consumers6%
Edge Computing25%
216 PARTICIPANTS
What I'm also seeing is that the insurers are becoming much more educated on what constitutes good hygiene. They're hiring professionals that can quickly assess based on the types of tools that we've deployed or purchased, level of inventory, etc. We don't get into the number of vulnerabilities, but they do ask questions like, "What is your exception management process?"