Effective cyber insurers understand that tech-enabled underwriting can wipe away years of cybersecurity risk instantly, placing the risk management component and cyber insurance preparedness front and center. (Photo: Song_about_summer/Adobe Stock)
If you bring up cyber insurance among industry professionals today, you're likely to be thrown into a debate about the most extreme types of big-picture catastrophes. You'll also be guided to a commentary on the vastness of cyberspace and the Hollywood threats it poses (yes, insurance people can be creative, too).
Businesses might be paying more attention to cybersecurity, but many still fail to adopt basic cybersecurity hygiene best practices to improve their risk profile and change their employees' behavior regarding passwords, the use of professional computers for personal needs, and much more. This could be directly extended to consumer behavior given that individuals are most likely to carry the same behavior for the security of their personal assets as for their professional lives.
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