Most Companies Improve Cybersecurity to Benefit Insurance Coverage

In a survey of 5,000 IT and cybersecurity leaders, cybersecurity firm Sophos found that 97% of companies with a cyber insurance policy had invested in improving their defenses in order to help with insurance. More than three-fourths of respondents said these investments enabled their organization to qualify for coverage, 67% got better pricing and 30% secured more beneficial policy terms.