Cyber insurance helps to reduce the financial impact of a cyber attack and can support in getting the organisation operating again with incident response, which insurers may include as part of the service.

However, finding cyber insurance is harder for companies than a year ago, and we predict that it will only get harder.

Cyber insurance covers several things. Common coverage areas are data breaches, identity fraud, and personal information theft. There are also the high legal expenses, fines, and costs of retrieving data, fixing systems, restoring impacted customers’ identities, and alerting customers of breaches. Coverage may also include costs related to determining the cause and consequences of an attack, such as
business disruption, extortion, or forensic investigation.

But there are many requirements an organisation must adhere to in order to get cyber insurance.

In this whitepaper we break these requirements down and help you understanding them.

Key takeaways:

• Understanding of cyber insurance requirements 
• How a managed cyber security service can increase approval
• Benefits of obtaining cyber insurance