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    Cyber Insurance and the Growing Requirement for Pentesting

    ThreatMate Team
    May 12, 2023
    4 min read
    Cyber Insurance and the Growing Requirement for Pentesting

    The Insurance Evolution

    Cyber insurance has matured rapidly. Insurers have learned: - Ransomware claims are expensive - Many policyholders lack basic controls - Questionnaires don't verify actual security

    What Insurers Now Require

    Modern cyber insurance applications often ask about: - MFA implementation - Endpoint detection and response - Backup procedures - Patch management - Penetration testing

    Why Pentesting?

    Insurers value pentesting because it: - Validates that controls work - Identifies risks questionnaires miss - Demonstrates security program maturity - Provides evidence of due diligence

    Meeting Requirements

    Frequency Most policies require annual testing, some require more frequent assessments.

    Scope Understand what the policy requires: - External only? - Internal included? - Web applications?

    Documentation Maintain evidence: - Test reports - Remediation records - Retest confirmation

    The MSP Opportunity

    Clients need help meeting insurance requirements. Pentesting services: - Ensure continued coverage - May reduce premiums - Satisfy compliance needs

    ThreatMate provides the pentesting documentation insurers require.

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    See how ThreatMate helps MSPs identify and remediate vulnerabilities across their client base.