Over the past two years cyber liability insurers have made clear their intentions to move toward increased restrictions, clarifications and controls over the cyber insurance market and claims solutions to reduce their incident exposure and overall claims costs.
In Law360, StoneTurn Partner Luke Tenery discusses how more insurers are looking to reduce their outlays around cyber and place a greater cost on the insured, and how this poses significant concerns for corporations that have previously relied upon insurance as a significant pillar of their mitigation and recovery plans. The authors outline best practices for transforming risk reduction policies from ones that outsource the financial burden to those that create a solid IT security foundation on the front end.
