Organizations are moving towards digital transformation, leveraging software and hosting data across multiple environments and vendors. To mitigate security risks associated with the expanded threat surface, many companies adopt cyber insurance policies that provide technical, PR, incident response, financial, and recovery support in case of security exploitation. The recent rise in ransomware and data breaches impacted many cyber insurance carriers, increasing the number of insurance claims versus premiums earned (insurance loss ratio). As a response, insurance providers updated their policies with more stringent underwriting requirements, especially related to identity and access management and infrastructure access control.
Sponsored by Okta, Carahsoft, AWS