Article

Easing cyber insurance woes using key controls 

HITRUST Collaborate 2022

Oct. 28, 2022 · Authored by Christopher J. Tait, Emily Di Nardo, Bernard Regan

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With the rise of ransomware attacks and malicious emails driving up the costs of cybersecurity insurance premiums, organizations and insurance providers alike realize the need for a standardized measurement of risk, with universal scoring, through a holistic approach. Trust security frameworks, such as HITRUST, can help support the underwriting process.  

Watch Baker Tilly’s 10-minute session, presented at HITRUST Collaborate 2022, that dives into how organizations can alleviate some of these cybersecurity insurance challenges, including a detailed example demonstrating how underwriting needs align with the HITRUST framework. 

This lively session discusses: 

• Trends in cyber insurance claims and rates 
• Changes to coverages
• Enhanced underwriting procedures and the push for alignment with formalized control frameworks.