Or so says corporate underwriter and veteran cyber insurance provider, Lloyds of London, in a BBC article last week:
Any company that applies for cover has to let experts employed by Kiln and other underwriters look over their systems to see if they are doing enough to keep intruders out. Assessors look at the steps firms take to keep attackers away, how they ensure software is kept up to date and how they oversee networks of hardware that can span regions or entire countries.Sadly, as the article goes on to say:
After such checks were carried out, the majority of applicants were turned away because their cyber defenses were lacking.
