Sophos, a provider of innovative security solutions designed to neutralise cyberattacks, has released a new independent study to quantify the financial impact of various cyber security controls on cyber insurance claims.The study reveals the different impact that endpoint solutions, EDR/XDR technologies and MDR services have on claims resulting from an attack, providing valuable insights for insurers and organisations.‘Every year, organisations spend huge amounts of money on their cybersecurity. By quantifying the impact of controls on the outcome of cyberattacks, this study enables them to focus their investments on the most cost-effective options. At the same time, insurers have a major influence on cybersecurity spending through the controls they require of organisations wishing to be covered and the discounts they offer when a given scheme is in place. This study enables them to encourage investments that can make a real difference to incident outcomes and the resulting claim amounts.’ Says Bruno Durand, Vice President of Sales for Southern Europe at Sophos.The study reveals that the average [median] amount of compensation claimed by organisations using MDR services is 97.5% lower than that of organisations using endpoint solutions. The median claim for MDR services users is just $75,000, compared with $3 million for organizations using endpoint security alone. In other words, when they are the victims of an attack, endpoint-only users’ generally claim 40 times more than MDR service users

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