Recent growth in cyber insurance market is already improving cybersecurity in some industry segments. Insurance companies are helping set some general standards cybersecurity, said Mark Sangster. Insurers are adding language to contracts that require companies to maintain a particular level of security. But there’s a limit to how much insurance companies can actually do when it comes to measuring risk, she said. Insurance industry is still 30 to 50 years away from having a standardized cybersecurity data set, with relevant actuarial data, that it can pull insights from.”]

