CLOUD AND CYBER
“ AS ENCOURAGING AS IT IS TO SEE THE POSITIVE STEPS THE PROFESSION HAS TAKEN OVER THE LAST FIVE YEARS , OUR RESEARCH SHOWS THAT ORGANISATIONS HAVE AN INFLATED SENSE OF THEIR SUPPLY CHAIN ’ S CYBERSECURITY ”
MARK ATWOOD GLOBAL RESEARCH AND ADVISORY LEADER , GARTNER
financial support for the many potential costs of a ransomware incident – from regulatory fines and recovery costs to media relations and incident response .”
In the past , the insurance industry has played a key role in the development of security and safety across global business , and Rogers hopes to see the same developments in the cybersecurity space . “ Companies will increasingly have little option but to adopt strong , identity-based security if they want to keep insurance premiums down ,” says Rogers . “ Risks are difficult to quantify , and this is leading to increased costs and more stringent underwriting requirements . Identity-based security will increasingly be the single best way to lower cyber insurance premiums .”
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