Does cyber insurance actually incentivize organizations to improve their security?

Does car insurance actually incentivize drivers to improve their driving ability? Flippant answer, but in practice, cyber insurance at best allows one to de-risk in event of a major issue, but doesn't do anything to improve overall security posture. That is up to Leadership.

22 views
5 comments
0 upvotes
Related Tags
Anonymous Author
Does car insurance actually incentivize drivers to improve their driving ability? Flippant answer, but in practice, cyber insurance at best allows one to de-risk in event of a major issue, but doesn't do anything to improve overall security posture. That is up to Leadership.
1 upvotes
Anonymous Author
Nope... just CYA
1 upvotes
Anonymous Author
Interesting. Is it in the nice-to-have category? Or must have?
0 upvotes
Anonymous Author
Ask it like this: Does auto insurance actually incentivize people to drive more safely?   Answer is: it depends on the policy.   If the policy gives specific incentives, it will improve things. If not, often status quo.
0 upvotes
Anonymous Author
Not at all. It is barely a risk loss mitigation
0 upvotes