Over the past decade, the cyber insurance industry operated much like the Wild West, in which over-eager underwriters wrote policies without fully understanding their risk or in some cases even understanding cybersecurity at all. But that’s all changing as the industry is starting to standardise.

Rising premiums, changing requirements and a lack of consistency across the cyber insurance industry makes it challenging for organisations to obtain a policy. Now is the time to get clarity on the current cyber insurance landscape and understand the security controls that insurers are requiring.