Cybersecurity leaders everywhere understand the constant threat of cyberattacks, which leave a myriad of consequences in their wake – from reputational damage and lost revenue to data loss and internal fatigue. In fact, 45% of information security professionals have contemplated quitting the industry altogether due to stress caused from the unrelenting threat of ransomware and “always on call” expectations.
Understandably, most organizations are turning to advanced tools and processes to protect themselves from bad actors, while many are obtaining cyber insurance to help mitigate the aftereffects of a successful attack. But there’s a problem. This type of insurance – previously an additional line item on policies that most organizations could purchase without a second thought – has become fiendishly difficult and extremely expensive to secure and maintain.
Businesses looking to obtain cyber insurance would be wise to adhere to the principles of Zero Trust Architecture (ZTA). The concept of ZTA is simple: ‘never trust, always verify.’ Underwriters are scrutinizing business’ security protocols to make sure they have proper identity verification solutions in…
