Cyber Liability Insurance
Cyber Liability is a dynamic risk, making it difficult to insure and is one of the biggest threats faced by businesses today. Cyber risk is no longer a 1 in 100-year chance. It’s happening daily. The insurance industry and the public and private sectors are finding underwriting cyber liability to be complex. We are sharing information to help you with cyber-risk management. We hope to provide insights to what we’ve seen, how preparing for an Incident Response Plan, and implementing policies and procedures can help you secure and maintain your cyber liability insurance.
Total Market Size increasing from around eight billion U.S. dollars in 2020 to just over
$20 Billion
U.S. dollars by 2025
83%
of organizations
studied have had
more than one
data breach
2022 saw a record
increase of
61%
in premiums.
Learn more about
Cyber Insurance
This video provides insights into cyber liability insurance trends, best practices, and recommendations. Our knowledgeable panelists answer the top asked cyber insurance questions.
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Next Steps To Prepare
How You Can
Be Prepared
Be prepared to show underwriters how your cybersecurity program ties back to generally accepted governance framework.
Have an Incident Response Plan or
Business Continuity plan documented.
How CyberForce|Q
Can Help
CyberForce|Q provides assessment and has
an application for tracking your policies
and procedures to NIST CSF or CIC CSC.
CyberForce|Q can help you review, write, or
assist with updating your plan. We also provide incident response testing with your team.
What if I have a breach? When do I contact my insurance company? What are my requirements?
Have a documented plan that includes a call to your
insurance partner. CyberForce|Q can assist in
mitigating, collecting, and reporting to your partners
about your incident.