Cyber Security Insurance: Underwriting Is Changing Because Of Billions Of Potential Exposure

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Cybersecurity insurers, faced with growing demand, are looking for new ways to better measure their risks, says Aleksandr Yampolskiy, CEO of SecurityScorecard. So some are moving toward more carefully scrutinizing the cybersecurity postures of their potential clients.

The common underwriting practice, Yampolskiy says in an interview with Information Security Media Group, has been for insurers to use “pen-and-paper questionnaires where they would ask various questions about how those companies protect themselves, and then they would blindly trust the answers the companies provided.”

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