The UK’s National Cyber Security Centre (NCSC) has launched its first-ever advice and best practice guidance on taking out cyber security insurance, highlighting seven key areas that organisations need to consider before committing to a policy.

The package was produced in consultation with a range of stakeholders and industry partners in response to a growing number of calls for expert technical advice on the cyber security insurance market, and encourages organisations of all sizes to think more about how specialist insurance can help them if they suffer a security incident, and its contribution to their overall risk management strategies.

“Businesses rightly want to be as informed as possible before they invest, but when it comes to cyber insurance, there simply hasn’t been enough information up to now,” said Sarah Lyons, NCSC deputy director for economy and society engagement. “That’s why it’s so important for the NCSC, as the UK’s leading cyber authority, to offer our support by providing some clarity on the key issues to consider to ensure cyber security.

“Cyber insurance may not be right for everyone and it can never replace basic good security…

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