Why CipherNorth Partnered with CARE Report to Help Clients Right-Size Cyber Insurance
At CipherNorth, we focus on helping organizations build resilience both before a breach through strong security programs and after a breach through tested response capabilities. But there’s layer of preparedness that has often been neglected: insurance coverage.
In my work with executives and boards, I’ve seen a recurring pattern. Organizations may feel comfortable with their cyber insurance policy, only to discover after an incident that their coverage doesn’t come close to addressing the true scale of damages. In many cases, companies are underinsured by a factor of five or more. That shortfall isn’t about negligence it’s about the complexity of quantifying cyber risk in financial terms.
That’s where specialized expertise is required, which is why I’ve chosen to partner with CARE-Report.
Where the Gap Lies
Cybersecurity professionals think in terms of vulnerabilities, threats, and controls. Financial leaders think in terms of liability, exposure, and balance sheets. Insurance sits right at the intersection of those two worlds and often neither side has the full picture.
CISOs and risk leaders may assume their CFO has the insurance limits figured out. CFOs may assume their CISO’s risk models account for financial exposure. In practice, both are often relying on incomplete data. The result is coverage that looks fine on paper but fails to support recovery in the aftermath of a major breach.
Why This Partnership Matters
CipherNorth brings deep expertise in security strategy and incident response. CARE-Report brings deep expertise in financial benchmarking and insurance analytics. Together, we can help clients answer questions that neither side can fully address alone:
What would a major cyber incident actually cost our organization?
Do our current limits align with that exposure?
How do we ensure that insurance complements, rather than lags behind, our security investments?
By combining these capabilities, clients gain a clearer picture of risk and a stronger foundation for negotiating with carriers.
Moving Beyond Compliance
Too often, insurance coverage is set to satisfy contractual requirements rather than to reflect real exposure. That approach might check the box for compliance, but it doesn’t protect the business when it matters most.
This partnership is about helping leaders move beyond compliance-driven numbers and toward data-driven decisions about cyber risk transfer.
Final Thoughts
Cybersecurity isn’t just about keeping attackers out. It’s about ensuring the organization can recover operationally and financially when they get in. Partnering with CARE-Report allows CipherNorth to extend our mission of resilience into the financial domain, so our clients are not just technically prepared but also financially protected.
If you’re uncertain whether your current cyber insurance limits match your true exposure, let’s talk.