In 2021, the combination of unprecedented ransomware attacks and restricted cyber insurance capacity created a crisis in the cyber insurance industry. Cybercriminals and nation-state threats want only one thing—data. They go to all lengths with a huge portfolio of tactics, techniques and processes (TTPs) to obtain it. As a result, losses grew, premiums skyrocketed, and coverages were reduced. Now what?
Cyber attacks aren’t going away. They continue to morph, continuously changing the playing field. And you simply can’t out-insure the risk. Cyberinsurance policyholders still lose data and insurance carriers lose even more capacity. The key to reducing risk lies in changing the prevailing approach to securing data. When data is the prize, protecting it means securing more than just the infrastructure that stores and carries it. In this brief, you'll learn how knowing, monitoring, and defending data at the binary level pays off enormously in establishing data accountability and reducing risk. Leading insurance carriers are now turning to data surveillance and a Zero Trust approach for accurately assessing policyholder risk and as a tool to help policyholders apply bit-level policy to protecting their data of consequence.
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