New Research Exposes How the Quality of Cyber Defenses Directly Impacts Insurability, Premium Costs and Policy Terms

OXFORD, U.K. — 五月 3, 2023 —

Sophos, a global leader in innovating and delivering cybersecurity as a service, today announced a partnership with Measured Analytics and Insurance ("Measured"), the AI-powered cyber insurance provider. The new partnership unlocks Measured insurance premium savings for Sophos’ U.S.-based customers in recognition of their strong cyber defenses.

New research published today finds that cyber insurance adoption is now the norm with 91% of organizations reporting having coverage, with an additional eight percent reporting they don’t currently have coverage but plan to obtain it in the next year. For those that purchased a cyber insurance policy in the last year, 95% say that the quality of their cyber defenses directly impacted their insurability:

  • 60% say it impacted their ability to get coverage
  • 62% say it impacted the cost of their coverage
  • 28% say it impacted the terms of their policy

Insurance coverage, in turn, plays a role in an organization’s ability to recover from an attack:

  • Organizations with cyber insurance are more likely to be able to recover data that was encrypted in a ransomware incident: 98% of those with a standalone policy and 97% of those with cyber as part of a wider insurance policy were able to recover encrypted data after a ransomware attack, compared to 84% of those without cyber coverage
  • Organizations with standalone cyber insurance policies are almost four times more likely to pay the ransom to recover encrypted data than those without cyber coverage: of those that had data encrypted in a ransomware incident in the last year, 59% of those with a standalone cyber insurance policy paid the ransom, compared with 37% of those with cyber as part of a broader insurance policy and 15% of those that don’t have cyber insurance
     

“The caliber of an organization’s cybersecurity defenses in protecting against active adversaries is critically important. Organizations need to properly configure and manage security technologies and also effectively respond to threats – and that requires an expert talent skillset,” said Raja Patel, senior vice president of products at Sophos. “Industry-first threat detection and response capabilities now enable Sophos to meet customers where they are and with exactly what they need to ensure superior security outcomes. This partnership is validation that Sophos security solutions and managed detection and response (MDR) services are industry best, and we’re pleased that our customers can now be rewarded for their commitments to optimizing defenses.”

Sophos endpoint customers looking to secure insurance coverage can now ‘opt-in’ to share their security posture from the Sophos Central platform with Measured. Real-time assessments are exclusively used to determine policy eligibility and premium discounts based on the various Sophos offerings used, protection status and security hygiene of protected assets, and compliance with Sophos recommended security policies.

“The connection between robust cyber defenses and optimized cyber insurance makes this partnership a natural extension of our innovative, analytic approach to cyber underwriting,” said Jack Vines, CEO at Measured. “We are trailblazing a frictionless path to cyber insurability through data-driven, quantifiable underwriting. We’re rewarding organizations that use Sophos with better coverage and lower rates because of their stronger cyber hygiene and lower risk profile.”

Data from the report, “The Critical Role of Frontline Cyber Defenses in Cyber Insurance Adoption,” comes from an independent global study of 3,000 cybersecurity/IT professionals across 14 countries conducted in January and February 2023.

About Measured Insurance

Measured Analytics and Insurance is a US-based cyber insurance provider that utilizes proprietary, AI-rich data analytics and national security grade threat intelligence to deliver smarter cyber insurance products. The combination of flexible cyber underwriting solutions, data-driven insights and strategic partnerships with leading cyber security companies makes Measured the cyber risk solutions provider of choice. Learn more at measuredinsurance.com.

 

Please note that Sophos is not a licensed insurance producer and does not sell, solicit or negotiate insurance products. By providing access to any third-party websites, Sophos is not recommending or endorsing any such third parties, or any products or services offered by such third parties. To the extent you access a third-party website from a Sophos website, please be advised that Sophos does not investigate, monitor, or check any third-party websites, or the content of such websites, for accuracy, appropriateness, or completeness, and you are solely responsible for your interactions with such third parties.

关于 Sophos

Sophos 是先进网络安全解决方案的全球领导者和创新者,包括托管式侦测与响应 (MDR) 和事件响应服务,各种端点、网络、电子邮件和云安全技术,帮助企业防御网络攻击。作为最大的纯网络安全供应商之一,Sophos 帮助全球超过 500,000 家企业和超过 1 亿用户抵御主动攻击对手、勒索软件、网络钓鱼、恶意软件等。Sophos 的服务和产品通过 Sophos Central 云管理控制台连接,并得到内部跨领域威胁情报部门 Sophos X-Ops 的支持。Sophos X-Ops 情报优化整个 Sophos Adaptive Cybersecurity Ecosystem 自适应网络安全生态体系,包括一个中央数据湖,为客户、合作伙伴、开发人员和其他网络安全与信息技术供应商提供一组丰富的开放 API。Sophos 为需要全托管并即使可用的安全解决方案的企业提供网络安全即服务,客户还可以直接利用 Sophos 的安全运行平台管理其网络安全,或者采用混合方法,为内部团队补充 Sophos 服务(包括威胁追踪与修复)。Sophos 通过世界各地的经销商合作伙伴和托管服务供应商 (MSP) 销售。Sophos 总部位于英国牛津。如欲了解更多信息,请访问 www.sophos.com.