Forbes September 13, 2024
Raja Patel, Chief Product Officer, Products, Sophos.
In a cybersecurity landscape populated with increasingly complex threats, an integrated approach to cyber risk management that balances security controls and cyber insurance is crucial. But many organizations still operate in silos when purchasing a cyber insurance policy. For example, IT teams that build and maintain cyber defenses may supply security control information for insurance applications—but have little input into policy scope and coverage levels.
That’s a missed opportunity. Organizations that coordinate their cybersecurity protections with their cyber insurance efforts can improve both their defenses and insurance positions, lowering costs and enhancing protection at the same time.
But this requires participation and collaboration from leaders across different business units. It’s up to business...
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