What is the role of security awareness training in cyber insurance?

Security awareness training can positively impact a company’s eligibility and premiums for cyber insurance in several ways. By implementing such training programs, companies can demonstrate to insurance providers that they are actively working to mitigate cyber risks. This can lead to improved eligibility for cyber insurance coverage as it shows a proactive approach to cyber security. Additionally, well-trained employees are less likely to fall victim to cyber attacks, reducing the overall risk profile of the company which can result in lower insurance premiums. Overall, security awareness training can help companies proactively manage cyber risks, potentially reducing the likelihood of cyber incidents and making them more attractive to insurers.