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.

Policyholders are taking this into their own hands and being proactive about improving their cybersecurity posture in order to further protect themselves from hacks, or better yet, prevent attacks from occurring in the first place.

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