Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more.
Just last month, thousands of organizations were shut out of their digital environment for hours as a defective software update from security company CrowdStrike took down computers running Microsoft Windows all over the world. The system outage that resulted is one of the largest ever and laid bare just how fragile the global IT infrastructure is even without any attacks from threat actors. But the threat landscape has also never been more fraught, with ransom demands rising 20% year-over-year as bad actors seek larger payouts from their targets.
For leaders who want to ensure they’re prepared, the time to act is now. High-risk industries need help, and effectively aligning their security investments with a cyber insurance policy is a strong foundation in building resilience. Cyber insurance acts as a safeguard and lifeline if a business is hit by an attack or, in cases like the CrowdStrike and…
