With the rise of ransomware attacks and malicious emails driving up the costs of cybersecurity insurance premiums, organizations and insurance providers alike realize the need for a standardized measurement of risk, with universal scoring, through a holistic approach. Trust security frameworks, such as HITRUST, can help support the underwriting process.  

Watch Baker Tilly’s 10-minute session, presented at HITRUST Collaborate 2022, that dives into how organizations can alleviate some of these cybersecurity insurance challenges, including a detailed example demonstrating how underwriting needs align with the HITRUST framework. 

Trends in cyber insurance claims and rates 

Enhanced underwriting procedures and the push for alignment with formalized control frameworks. 

Emily is a partner in Baker Tilly's risk advisory practice. She is a business oriented systems consultant with experience in financial services. Known for her outstanding organizational skills, Emily combines a thorough knowledge specialization in the financial services industry, including loan servicing, insurance, banking and asset management organizations.

Bernard Regan is a partner with Baker Tilly’s forensic, litigation and valuation services practice.

Baker Tilly discusses cyber insurance industry trends, and how unified security frameworks can help support the underwriting process at HITRUST Collaborate.

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Proactively protect and address your cybersecurity and information technology (IT) risks.

We provide cybersecurity services to maximize the confidentiality, integrity and availability of your critical information assets.

The HITRUST CSF provides an integrated, certifiable approach to securing PHI. Any organization handling PHI on behalf of customers may be required to obtain a HITRUST CSF certification.

Easing cyber insurance woes using key controls 

Easing cyber insurance woes using key controls

HITRUST Collaborate 2022

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