By 2030, cyber insurance in-force premiums in the U.S. will total $100 billion, according to a Cowbell Cyber estimate. (Mysterylab/Adobe Stock) By 2030, cyber insurance in-force premiums in the U.S. will total $100 billion, according to a Cowbell Cyber estimate. (Mysterylab/Adobe Stock)

It's clear that cyber insurance is becoming more essential for organizations. But in order for an insurer to take an organization on as a client, the potential insured must first show that good security controls are in place. Otherwise, they'll face astronomical premiums — if they're able to get coverage at all.

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