Higher NIST CSF and HCIP Coverage Linked with Lower Cyber Insurance Premium Growth

Adoption of the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) improves resilience to cyberattacks and the reduced risk is reflected in cyber insurance premiums. A recent Healthcare Cybersecurity Benchmarking Study has confirmed that healthcare organizations that have adopted the NIST CSF had lower annual increases in their cyber insurance premiums than healthcare organizations that have not adopted the NIST CSF.