This is an important read and should not be a shock for the cyber insurance industry or the insured.

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This is an important read and should not be a shock for the cyber insurance industry or the insured. The Global Federation of Insurance Associations (GFIA) has flagged that the cyber protection gap has been estimated at around $900Billion. With expectations that the gap will not close soon.

This is a simple yet effective measure. Demonstrating the challenges organizations face with managing cyber risk. As suggested in the article the gap will be affected by cyber regulation. Cyber insurers will not be able to narrow the cyber protection gap alone as regulation will increase the required compliance of cybersecurity risk management. Highlighting further deficiencies in cyber security requiring closure.

An issue we highlight with solutions here – https://lnkd.in/dGFVVjCi

Ted Dziekanowski

#cyberins #cybersecurity #cyberriskmanagement #cyberlaw

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