Assessing Cyber Risk: Key Factors Insurers Must Consider
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Understanding a company's cyber risk starts with identifying potential losses, evaluating security measures, and ensuring executive commitment to data protection. Watch this excerpt from the latest cyber webinar with Carrier Management Deputy Editor Elizabeth Blosfield!
-Identify Potential Losses: Assess revenue and the volume of personally identifiable information to determine the scale of potential risk.
-Evaluate Cybersecurity Measures: Ensure security tools are appropriate for the company’s size, data volume, and industry type.
-Assess Organizational Commitment: Consider executive support for cybersecurity initiatives and employee training efforts.