Vendors
日本語

Cybersecurity Frameworks for Insurers

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
17 December 2021

Taming the Complexity of Cybersecurity Risk Management

Abstract

In this fourth installment in a series of Celent reports on cybersecurity, we explore cybersecurity frameworks, which can help insurers deal with the complexity of managing cybersecurity risk. Leveraging best practices developed by a worldwide community of cybersecurity experts, these frameworks will lead to better and more compliant cybersecurity risk management programs, reducing the likelihood and subsequent costs of breaches. Cybersecurity frameworks are a low-cost way to accelerate improvements and ensure compliance with evolving legal and regulatory requirements. Bottom line improvements may include lower business disruption costs, reduced civil liability, avoidance of regulatory penalties, and lower cyber insurance premiums. Cybersecurity frameworks are a low-cost way to accelerate improvements and ensure compliance with evolving legal and regulatory requirements. Bottom line improvements may include lower business disruption costs, reduced civil liability, avoidance of regulatory penalties, and lower cyber insurance premiums.