​Insurance companies will crack down on cyber security in 2016: Report

Cyber security insurance is set to become more sophisticated in 2016, forcing enterprises to meet new security requirements to be eligible for coverage, according to a new report.

Predictions by combined company, Raytheon/Websense, said cyber insurance will move toward a ‘must have’ and ‘evidence based’ model with new minimum level requirements in place for policies. This is expected to disrupt the cyber security industry and place new challenges on IT workers, while also driving improvements in companies’ ability to handle threats.

With ongoing technological advances and the growing value of data, cyber security insurance has had to rapidly evolve in the last few years to cater to the growing complexity and unpredictability of cyber-attacks, the report said. For the full article click here

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