A cybersecurity posture is essentially the total procedures, policies, and services that an organization uses to defend itself from cyber attack. Companies evaluate their security risk then develop policies, employee training procedures, and, if they have the resources, malware, virus, and other threat detection services, focusing on their most vulnerable assets.
In short, a cybersecurity posture describes an organization’s cyber threat readiness and identifies areas where this readiness can be improved.
Historically, insurers have relied on linear regression of a small number of risk factors, largely reported by the policy-holder on a trust basis, to determine an insurance premium. However, a good prediction model of individual future insurance costs is becoming a business essential as competition in the insurance industry and low customer switching costs have become key drivers for insurers to build a pricing structure which covers their incurred costs.