Lion Cipher Lab
Get ready for cyber insurance: work an insurer's security questionnaire
- GRC / Compliance
- Intermediate
- ~60 min
- Free · no account required
Why it matters
Cyber insurance used to be a form you filled in and a premium you paid. After the ransomware surge of the early 2020s that changed completely: carriers were paying out more than they took in, so they stopped selling coverage on trust and started gating it on controls. Today a cyber insurance application is one of the most consequential security questionnaires a business will ever answer — the insurer requires a baseline set of controls as a CONDITION of coverage, prices the premium on how well you meet them, and can refuse to renew or decline you outright if you don't. Two things make this a…
What you'll learn
- cyber insurance readiness
- security questionnaires / applications
- baseline control attestation
- risk transfer
- first-party vs third-party coverage
- policy exclusions
- evidence-based control rating
- GRC fundamentals
Steps in this lab
- Why an insurer now grades your controls — the words this lab runs on
- Set up the worksheet and pick a real environment
- The composite questionnaire — part 1: identity, endpoints, backups
- The composite questionnaire — part 2: patching, email, access, remote entry
- Map it to a framework so you answer once and reuse the evidence
- Coverage literacy — what the policy actually pays, and what it won't
- Turn the worksheet into a readiness summary and a remediation shortlist
- When / why / better — insurance is risk transfer, not a substitute for controls