The purpose of a cyber risk profile is to assess your organization’s insurability. The work you do upfront can go a long way toward ensuring you get adequate cyber insurance coverage and a better rate to boot.
A cyber risk profile is a complex measure of an organization’s security posture. It paints a picture of your risk related to technical aspects such as network and system security liability and network interruption, as well as more organizational aspects such as cyber defense maturity. Although many organizations develop their own risk profiles for internal uses — like improving security — cyber insurance carriers use cyber risk profiles as a tool to determine risk when writing policies. A carrier takes the results of an organization’s assessments and creates its own profile, incorporating additional information that develops a deeper understanding of that organization’s risk. Read More