What role does employee training play in cyber insurance?

Equipping employees with cybersecurity knowledge and providing regular training can positively impact an organization’s eligibility for cyber insurance and potentially lower their premiums. By enhancing employees’ understanding of cybersecurity best practices and how to mitigate risks, organizations can demonstrate to insurers that they are proactive in reducing the likelihood of cyber incidents. This can be viewed favorably by insurers when assessing the organization’s level of risk and overall security posture. Additionally, a well-trained workforce can help prevent or minimize cyber incidents, leading to potentially fewer claims and a better claims history, which could result in more competitive premiums and better insurance terms.