While cyber insurance has become a ‘need to have’ for many organizations, it is only part of a cybersecurity strategy. Cyber insurance may help with the cost of remediation from an attack, but it doesn’t offer any protection. Cyber insurers are also suffering from an exponential rise in claims and the industry is changing quickly to adapt. Policies are harder to get, more expensive, and may not pay out on ransomware attacks. It’s also worth noting that many insurers are mandating certain technologies such as ADX in order to qualify for coverage.