Companies face a number of converging challenges when it comes to managing cybersecurity risk. 1.

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Companies face a number of converging challenges when it comes to managing cybersecurity risk.
1. It’s an expensive and complex risk for companies to manage
2. It’s becoming an increasingly regulated risk.
3. Demand for cyber insurance, drives (Re)insurance capital. Cyber is becoming a less than profitable risk for insurance companies to underwrite.

We wrote the Augusta Plans 1, 2 and 3 several years ago (https://lnkd.in/e62Gjh-H), defining solutions for the management of cyber risk for the U.S DoD CMMC program and the management of cyber risk under FISMA. Transferring risk through controls inheritance and cloud adoption. Reducing the risk of cybersecurity on covered entities that now comes from cyber regulation and enables a more effective and profitable use of cyber insurance.

One wonders with Google entering the insurance market, whether control inheritance through cloud adoption is now an insurable option?

Ted Dziekanowski Brian D. McCarthy Rich Waite, M.Ed. George Sawyer

Veritas GRC

#cybersecurity #cyberriskmanagement #controlinheritance.

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