61% Of Organizations Have Cyberinsurance, Survey Finds

By Ben Zigterman (May 27, 2022, 6:50 PM EDT) — According to a global survey of more than 600 risk managers, 61% of their organizations have purchased cyberinsurance.

Back in 2019, when the last survey was conducted, 47% of organizations had cyberinsurance.

Among respondents to a report released Thursday by Microsoft and insurance broker Marsh, called “The State of Cyber Resilience,” 51% said cyberinsurance carriers prompted their organizations to improve their cybersecurity controls.

“The adoption of certain controls has now become a minimum requirement for a majority of insurers, with organizations’ potential insurability on the line,” the report said.

The risk managers said they viewed cyberinsurance as an important part of their…

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