As insurance providers clamor to fill marketplace demand for cyberinsurance policies, security ratings firms have found themselves to be a key partner in helping cultivate informed policies, Dark Reading reports. One such firm, SecurityScorecard, provides underwriters with a view into a client's’ security posture, correlated to a risk rating. Analyzing security health across significant categories of risk, Aleksandr Yampolsky, co-founder and CEO at SecurityScorecard, said, "We can't predict when they'll get breached but can measure good and poor security practices." Sebastien Loubry, a partner at insurance firm AXA, explained the better a client protects its data, the lower the risk for an insurer, adding, "The most relevant part for the insurance company is the level of protection that's put around the data." Editor's Note: SecurityScorecard was profiled in this report for Privacy Tech.
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