Key Takeaways from the Article: Cyber Insurance & Risk Management
This article discusses evolving trends in cyber insurance, highlighting how insurers are assessing and managing risk, and the implications for businesses. Here’s a breakdown of the key takeaways:
1. High Premiums Aren’t Always About Your Risk:
Insurers may raise premiums not because of vulnerabilities in your environment, but to limit their overall exposure to a specific vendor or service you use. They may have internal limits on how many policyholders can use a particular product (like “product X”).
This is analogous to car insurance, where premiums vary substantially despite identical driver risk, likely due to insurer limits on exposure to certain car manufacturers.
2. Shocking Lack of MFA on SSL VPNs:
A meaningful statistic revealed that 45% of new cyber claims in the frist half of 2025 were due to SSL VPNs lacking Multi-Factor Authentication (MFA).
This raises questions about why insurers are covering companies without this basic security measure and why companies aren’t implementing it.
3.Claims Data Reveals Key Attack Vectors:
Ransomware attacks are often initiated through perimeter security devices (55% of cases).
Credential theft is the most common method used in these attacks.
4. Triumphant Ransomware Recovery Efforts:
Insurers are having some success in recovering funds lost to fraudulent transfers.
Coalition recovered $31 million in 2024, averaging $278,000 per event.
24% of events saw some claw-back, and 12% recovered the full amount.
5. Proactive risk Reduction by Insurers:
Insurers are becoming more proactive in reducing risk for their clients.This includes:
Customized cyber threat intelligence: Tailored to the insured’s specific environment. Vulnerability monitoring & alerts: Notifying clients about new vulnerabilities affecting their software/hardware and providing patching guidance.
* Dark Web Activity: Some insurers are even purchasing compromised credentials or zero-day vulnerabilities to protect clients and reduce their own financial risk.
the article paints a picture of a cyber insurance industry that is becoming more complex in its risk assessment and management,and increasingly intertwined with the cybersecurity industry. This is leading to more proactive security measures and a greater emphasis on understanding the risks associated with third-party vendors and services.
