Cyber insurance premiums have tripled since 2020 and many businesses are being denied coverage entirely. Underwriters now require specific technical controls before they will issue a policy. Here is what you need.
The cyber insurance market has fundamentally changed. Three years ago, you could get a policy by filling out a questionnaire. Today, underwriters conduct technical assessments and deny coverage to organizations that cannot demonstrate specific security controls.
CloudTechForce has helped over 50 businesses qualify for or renew cyber insurance. These are the controls that every major underwriter now requires: Multi-Factor Authentication on all email, VPN, and remote access — this is the single most common reason for denial. Endpoint Detection and Response (not just antivirus) on all endpoints. Email security with advanced anti-phishing protection. Tested backup and disaster recovery with offsite copies and verification that backups cannot be encrypted by ransomware. Patch management with documented processes for critical updates within 30 days. Employee security awareness training with phishing simulations. Incident response plan that has been tested within the past 12 months. Privileged access management restricting admin accounts to minimum necessary.
Businesses that implement all of these controls through CloudTechForce's managed security services typically see 25-40% lower premiums compared to businesses with inconsistent security controls. More importantly, they are actually approved for coverage — which is increasingly difficult without a managed security provider backing your application.
