Is Cyberinsurance The Chicken Or The Egg?

Article by Russell Cohen, Antony P. Kim, and Aravind Swaminathan.

The insurance industry has been making the case to Congress that cyberinsurance can be a path to good security practices, encouraging different groups inside an organization to better communicate with one another. The process of investigating, applying for and being approved for cyberinsurance may indeed prompt important discussions inside organizations about cybersecurity.  And it may be a subject that prompts board-level discussion of cyber preparedness. But in our view, relying on cyberinsurance as the spark for those conversations is the tail wagging the dog or the chicken not the egg or the egg not the chicken.