Cybersecurity Assessment Unveiled by CAI to Target Cybersecurity Weaknesses
In a significant move to bolster cybersecurity resilience and support practical compliance efforts, global services firm CAI has introduced a cyber insurance assessment. This assessment is explicitly designed to align with the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) 2.0, covering its six core functions: identify, protect, detect, respond, recover, and govern.
The assessment streamlines the process by consolidating 15 critical cybersecurity categories, including data privacy, security governance, logical access controls, and AI readiness. This user-centric design makes the assessment faster and more efficient for organisations of all sizes to complete, thereby minimising redundancies.
By mapping directly to NIST CSF 2.0, the CAI assessment offers numerous benefits. It enables organisations to understand their current cybersecurity maturity in relation to internationally recognised best practices. Moreover, it provides actionable recommendations prioritised by risk and impact, helping stakeholders target investments effectively.
The results of the assessment can be utilised for compliance, vulnerability remediation, and when applying for or updating cyber insurance. Indeed, the documentation produced can support cyber insurance applications or renewals by clearly demonstrating the organisation’s cybersecurity controls and governance, which are often prerequisites or evaluation points for insurers.
CAI's Sr. PR & Communications Specialist, Madison Oler, can be reached at [email protected] for further information. It is worth noting that CAI, established over 40 years ago, has been at the forefront of bringing neurodiversity to the enterprise.
With CAI's cyber insurance assessment, organisations can not only comply with cyber insurance requirements but also strengthen their cyber resilience by operationalising NIST CSF 2.0 in a concise, audit-ready format that insurance carriers value when underwriting policies or reducing premiums.
In 2023, more than $9.8 billion in cyber insurance premiums were reported, and global cybercrime costs are projected to escalate to multitrillions by the end of 2025. Given this context, CAI's cyber insurance assessment is poised to play a crucial role in helping organisations navigate the complexities of the cyber insurance landscape.
[1] CAI's official press release on the cyber insurance assessment. [2] NIST CSF 2.0 Framework Overview. (2021). Retrieved from https://www.nist.gov/cybersecurity/nist-cybersecurity-framework-csf-overview [3] National Institute of Standards and Technology. (2021). NIST Cybersecurity Framework (CSF) Version 2.0. Retrieved from https://www.nist.gov/cybersecurity/nist-cybersecurity-framework-csf-version-2-0 [4] Cybersecurity Insurance: A Guide for Small Businesses. (2021). Retrieved from https://www.ncco.org/cybersecurity-insurance-guide-small-businesses/
- The cyber insurance assessment introduced by CAI aligns with the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) 2.0, covering its six core functions: identify, protect, detect, respond, recover, and govern.
- This assessment consolidates 15 critical cybersecurity categories, including data privacy, security governance, AI readiness, and logical access controls.
- By mapping directly to NIST CSF 2.0, the CAI assessment provides actionable recommendations prioritised by risk and impact, helping organisations effectively target investments in tech and technology-related areas like data-and-cloud-computing, business, finance, virtual reality (VR), augmented reality (AR), and artificial intelligence (AI).
- The results of the CAI assessment can be utilised for compliance, vulnerability remediation, and when applying for or updating cyber insurance.
- The documentation produced can support cyber insurance applications or renewals by demonstrating the organisation’s cybersecurity controls and governance, which are often prerequisites or evaluation points for insurers.
- With CAI's cyber insurance assessment, organisations can strengthen their cyber resilience and navigate the complexities of the cyber insurance landscape, especially considering the increasing costs of global cybercrime, with $9.8 billion in cyber insurance premiums reported in 2023 and cybercrime costs projected to escalate to multitrillions by the end of 2025.
