IronSights

Compliance & governance

Cyber insurance

An insurance product that covers financial losses arising from cyber incidents — including business interruption, ransomware payments, data breach notification costs, legal liability, and regulatory fines.

Also known ascyber liability insurancecybersecurity insurance

In plain English

Cyber insurance is a financial safety net for when cyber incidents cause monetary loss. But insurers increasingly require evidence of specific security controls — MFA, patching, backups, penetration testing — before offering coverage, and may deny claims if required controls were absent at the time of the incident. An IronSights assessment and penetration test report provides exactly the evidence insurers ask for.

Keep learning

More terms in the IronSights Glossary.