Delinea’s 2024 Cyber Insurance Report shows that identity-related breaches cause nearly half of cyber insurance claims, making identity security critical for coverage. Insurers now require least privilege access, MFA, and threat detection before granting policies, and 95% of U.S. firms had to invest in identity solutions to qualify. While premiums continue to rise due to IT complexity and risk, organizations using AI for threat detection and monitoring often lower costs. The report emphasizes maintaining strong security controls post-policy to ensure claims are valid and highlights AI’s growing role in reducing risk and supporting compliance.

Join for free to read