Cyber Insurance Data Gives CISOs New Ammo for Budget Talks
SecurityWeek, Tuesday, April 28th, 2026
Cyber insurance data helps CISOs translate technical security risks into financial terms for board budget discussions.
CISOs struggle to secure adequate cybersecurity budgets because they often present technical risks in ways CFOs and boards cannot easily understand. Resilience, a cyber insurance firm, has published analysis showing how insurance claims data can map specific security failures to financial losses, enabling CISOs to speak the language of business risk.
Key findings from their manufacturing sector analysis reveal that ransomware causes 90% of losses despite representing only 12% of claims, MFA misconfigurations are the leading point of failure causing 26% of losses, and phishing-related credential compromise drives transfer fraud and email compromise attacks. Armed with concrete financial data linking security investments to risk reduction, CISOs can make more persuasive cases for adequate cybersecurity budgets to their leadership.