Compliance Scorecard CEO Writes in Channel Futures on Cyber Insurance and Compliance Intersection
How can proactive asset management reduce cyber insurance premium and streamline audits? Tim Golden, the Compliance Scorecard CEO and founder, answers that question and more in a new piece in Channel Futures.
Writes Tim, “The cornerstone of effective cyber hygiene lies in three components: assets, data and discovery. Insurance companies assess an organization's risk based on these factors. Organizations failing to track their assets, identify data locations or manage access risk being viewed as engaging in risky practices.”
He also notes the importance of cyber insurance as a financial safeguard against losses from cyber incidents like data breaches and ransomware attacks. Effective asset management is crucial, he argues, for accurate premium setting and expedited claims processing, ultimately enhancing post-incident analysis and cyber resilience.