ISO/IEC 27102:2019
(Main)Information security management — Guidelines for cyber-insurance
Information security management — Guidelines for cyber-insurance
This document provides guidelines when considering purchasing cyber-insurance as a risk treatment option to manage the impact of a cyber-incident within the organization's information security risk management framework. This document gives guidelines for: a) considering the purchase of cyber-insurance as a risk treatment option to share cyber-risks; b) leveraging cyber-insurance to assist manage the impact of a cyber-incident; c) sharing of data and information between the insured and an insurer to support underwriting, monitoring and claims activities associated with a cyber-insurance policy; d) leveraging an information security management system when sharing relevant data and information with an insurer. This document is applicable to organizations of all types, sizes and nature to assist in the planning and purchase of cyber-insurance by the organization.
Gestion de la sécurité de l'information — Lignes directrices pour la cyber-assurance
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INTERNATIONAL ISO/IEC
STANDARD 27102
First edition
2019-08
Information security management —
Guidelines for cyber-insurance
Gestion de la sécurité de l'information — Lignes directrices pour la
cyber-assurance
Reference number
©
ISO/IEC 2019
© ISO/IEC 2019
All rights reserved. Unless otherwise specified, or required in the context of its implementation, no part of this publication may
be reproduced or utilized otherwise in any form or by any means, electronic or mechanical, including photocopying, or posting
on the internet or an intranet, without prior written permission. Permission can be requested from either ISO at the address
below or ISO’s member body in the country of the requester.
ISO copyright office
CP 401 • Ch. de Blandonnet 8
CH-1214 Vernier, Geneva
Phone: +41 22 749 01 11
Fax: +41 22 749 09 47
Email: copyright@iso.org
Website: www.iso.org
Published in Switzerland
ii © ISO/IEC 2019 – All rights reserved
Contents Page
Foreword .iv
Introduction .v
1 Scope . 1
2 Normative references . 1
3 Terms and definitions . 1
4 Structure of this document . 2
5 Overview of cyber-insurance and cyber-insurance policy . 2
5.1 Cyber-insurance . 2
5.2 Cyber-insurance policy . 3
6 Cyber-risk and insurance coverage . 3
6.1 Risk management process and cyber-insurance . 3
6.2 Cyber-incidents . 4
6.2.1 General. 4
6.2.2 Cyber-incident types . 4
6.3 Business impact and insurable losses . 4
6.3.1 Overview . 4
6.3.2 Type of coverage . 5
6.3.3 Liability . 5
6.3.4 Incident response costs . 5
6.3.5 Cyber-extortion costs . . 7
6.3.6 Business interruption . 7
6.3.7 Legal and regulatory fines and penalties . 7
6.3.8 Contractual penalties . 7
6.3.9 Systems damage . 8
6.4 Supplier risk . 8
6.5 Silent or non-affirmative coverage in other insurance policies . 8
6.6 Vendors and counsel for incident response . 8
6.7 Cyber-insurance policy exclusions . 8
6.8 Coverage amount limits . 9
7 Risk assessment supporting cyber-insurance underwriting . 9
7.1 Overview . 9
7.2 Information collection . 9
7.3 Cyber-risk assessment of the insured .10
7.3.1 General.10
7.3.2 Inherent cyber-risk assessment .10
7.3.3 Information security controls assessment .10
7.3.4 Review prior cyber-losses .11
8 Role of ISMS in support of cyber-insurance .11
8.1 Overview .11
8.2 ISMS as a source of information .12
8.2.1 ISMS .12
8.2.2 Planning .12
8.2.3 Support .13
8.2.4 Operation .13
8.2.5 Performance evaluation.14
8.2.6 Improvement.14
8.3 Sharing of information about risks and controls .14
8.4 Meeting cyber-insurance policy obligations .15
Annex A (informative) Examples of ISMS documents for sharing .16
Bibliography .17
© ISO/IEC 2019 – All rights reserved iii
Foreword
ISO (the International Organization for Standardization) and IEC (the International Electrotechnical
Commission) form the specialized system for worldwide standardization. National bodies that
are members of ISO or IEC participate in the development of International Standards through
technical committees established by the respective organization to deal with particular fields of
technical activity. ISO and IEC technical committees collaborate in fields of mutual interest. Other
international organizations, governmental and non-governmental, in liaison with ISO and IEC, also
take part in the work.
The procedures used to develop this document and those intended for its further maintenance are
described in the ISO/IEC Directives, Part 1. In particular, the different approval criteria needed for
the different types of document should be noted. This document was drafted in accordance with the
editorial rules of the ISO/IEC Directives, Part 2 (see www .iso .org/directives).
Attention is drawn to the possibility that some of the elements of this document may be the subject
of patent rights. ISO and IEC shall not be held responsible for identifying any or all such patent
rights. Details of any patent rights identified during the development of the document will be in the
Introduction and/or on the ISO list of patent declarations received (see www .iso .org/patents) or the IEC
list of patent declarations received (see http: //patents .iec .ch).
Any trade name used in this document is information given for the convenience of users and does not
constitute an endorsement.
For an explanation of the voluntary nature of standards, the meaning of ISO specific terms and
expressions related to conformity assessment, as well as information about ISO's adherence to the
World Trade Organization (WTO) principles in the Technical Barriers to Trade (TBT) see www .iso
.org/iso/foreword .html.
This document was prepared by Joint Technical Committee ISO/IEC JTC 1, Information technology,
Subcommittee SC 27, Information security, cybersecurity and privacy protection.
Any feedback or questions on this document should be directed to the user’s national standards body. A
complete listing of these bodies can be found at www .iso .org/members .html.
iv © ISO/IEC 2019 – All rights reserved
Introduction
Cyber-incidents can occur at any time with various potential impacts to an organization. For example,
an organization’s information and assets are under constant attack as cyber-threats become more
pervasive, persistent and sophisticated.
The adoption of cyber-insurance to reduce the impacts of the consequences arising from a cyber-
incident should be considered by an organization in addition to information security controls as part of
an effective risk treatment approach.
Cyber-insurance is no substitute for robust security and effective incident response plans, along with
rigorous training of all employees.
Cyber-insurance should be considered as an important component of an organization’s overall security
risk treatment plan to increase resilience.
© ISO/IEC 2019 – All rights reserved v
INTERNATIONAL STANDARD ISO/IEC 27102:2019(E)
Information security management — Guidelines for cyber-
insurance
1 Scope
This document provides guidelines when considering purchasing cyber-insurance as a risk treatment
option to manage the impact of a cyber-incident within the organization’s information security risk
management framework.
This document gives guidelines for:
a) considering the purchase of cyber-insurance as a risk treatment option to share cyber-risks;
b) leveraging cyber-insurance to assist manage the impact of a cyber-incident;
c) sharing of data and information between the insured and an insurer to support underwriting,
monitoring and claims activities associated with a cyber-insurance policy;
d) leveraging an information security management system when sharing relevant data and
information with an insurer.
This document is applicable to organizations of all types, sizes and nature to assist in the planning and
purchase of cyber-insurance by the organization.
2 Normative references
The following documents are referred to in the text in such a way that some or all of their content
constitutes requirements of this documen
...
INTERNATIONAL ISO/IEC
STANDARD 27102
First edition
2019-08
Information security management —
Guidelines for cyber-insurance
Gestion de la sécurité de l'information — Lignes directrices pour la
cyber-assurance
Reference number
©
ISO/IEC 2019
© ISO/IEC 2019
All rights reserved. Unless otherwise specified, or required in the context of its implementation, no part of this publication may
be reproduced or utilized otherwise in any form or by any means, electronic or mechanical, including photocopying, or posting
on the internet or an intranet, without prior written permission. Permission can be requested from either ISO at the address
below or ISO’s member body in the country of the requester.
ISO copyright office
CP 401 • Ch. de Blandonnet 8
CH-1214 Vernier, Geneva
Phone: +41 22 749 01 11
Fax: +41 22 749 09 47
Email: copyright@iso.org
Website: www.iso.org
Published in Switzerland
ii © ISO/IEC 2019 – All rights reserved
Contents Page
Foreword .iv
Introduction .v
1 Scope . 1
2 Normative references . 1
3 Terms and definitions . 1
4 Structure of this document . 2
5 Overview of cyber-insurance and cyber-insurance policy . 2
5.1 Cyber-insurance . 2
5.2 Cyber-insurance policy . 3
6 Cyber-risk and insurance coverage . 3
6.1 Risk management process and cyber-insurance . 3
6.2 Cyber-incidents . 4
6.2.1 General. 4
6.2.2 Cyber-incident types . 4
6.3 Business impact and insurable losses . 4
6.3.1 Overview . 4
6.3.2 Type of coverage . 5
6.3.3 Liability . 5
6.3.4 Incident response costs . 5
6.3.5 Cyber-extortion costs . . 7
6.3.6 Business interruption . 7
6.3.7 Legal and regulatory fines and penalties . 7
6.3.8 Contractual penalties . 7
6.3.9 Systems damage . 8
6.4 Supplier risk . 8
6.5 Silent or non-affirmative coverage in other insurance policies . 8
6.6 Vendors and counsel for incident response . 8
6.7 Cyber-insurance policy exclusions . 8
6.8 Coverage amount limits . 9
7 Risk assessment supporting cyber-insurance underwriting . 9
7.1 Overview . 9
7.2 Information collection . 9
7.3 Cyber-risk assessment of the insured .10
7.3.1 General.10
7.3.2 Inherent cyber-risk assessment .10
7.3.3 Information security controls assessment .10
7.3.4 Review prior cyber-losses .11
8 Role of ISMS in support of cyber-insurance .11
8.1 Overview .11
8.2 ISMS as a source of information .12
8.2.1 ISMS .12
8.2.2 Planning .12
8.2.3 Support .13
8.2.4 Operation .13
8.2.5 Performance evaluation.14
8.2.6 Improvement.14
8.3 Sharing of information about risks and controls .14
8.4 Meeting cyber-insurance policy obligations .15
Annex A (informative) Examples of ISMS documents for sharing .16
Bibliography .17
© ISO/IEC 2019 – All rights reserved iii
Foreword
ISO (the International Organization for Standardization) and IEC (the International Electrotechnical
Commission) form the specialized system for worldwide standardization. National bodies that
are members of ISO or IEC participate in the development of International Standards through
technical committees established by the respective organization to deal with particular fields of
technical activity. ISO and IEC technical committees collaborate in fields of mutual interest. Other
international organizations, governmental and non-governmental, in liaison with ISO and IEC, also
take part in the work.
The procedures used to develop this document and those intended for its further maintenance are
described in the ISO/IEC Directives, Part 1. In particular, the different approval criteria needed for
the different types of document should be noted. This document was drafted in accordance with the
editorial rules of the ISO/IEC Directives, Part 2 (see www .iso .org/directives).
Attention is drawn to the possibility that some of the elements of this document may be the subject
of patent rights. ISO and IEC shall not be held responsible for identifying any or all such patent
rights. Details of any patent rights identified during the development of the document will be in the
Introduction and/or on the ISO list of patent declarations received (see www .iso .org/patents) or the IEC
list of patent declarations received (see http: //patents .iec .ch).
Any trade name used in this document is information given for the convenience of users and does not
constitute an endorsement.
For an explanation of the voluntary nature of standards, the meaning of ISO specific terms and
expressions related to conformity assessment, as well as information about ISO's adherence to the
World Trade Organization (WTO) principles in the Technical Barriers to Trade (TBT) see www .iso
.org/iso/foreword .html.
This document was prepared by Joint Technical Committee ISO/IEC JTC 1, Information technology,
Subcommittee SC 27, Information security, cybersecurity and privacy protection.
Any feedback or questions on this document should be directed to the user’s national standards body. A
complete listing of these bodies can be found at www .iso .org/members .html.
iv © ISO/IEC 2019 – All rights reserved
Introduction
Cyber-incidents can occur at any time with various potential impacts to an organization. For example,
an organization’s information and assets are under constant attack as cyber-threats become more
pervasive, persistent and sophisticated.
The adoption of cyber-insurance to reduce the impacts of the consequences arising from a cyber-
incident should be considered by an organization in addition to information security controls as part of
an effective risk treatment approach.
Cyber-insurance is no substitute for robust security and effective incident response plans, along with
rigorous training of all employees.
Cyber-insurance should be considered as an important component of an organization’s overall security
risk treatment plan to increase resilience.
© ISO/IEC 2019 – All rights reserved v
INTERNATIONAL STANDARD ISO/IEC 27102:2019(E)
Information security management — Guidelines for cyber-
insurance
1 Scope
This document provides guidelines when considering purchasing cyber-insurance as a risk treatment
option to manage the impact of a cyber-incident within the organization’s information security risk
management framework.
This document gives guidelines for:
a) considering the purchase of cyber-insurance as a risk treatment option to share cyber-risks;
b) leveraging cyber-insurance to assist manage the impact of a cyber-incident;
c) sharing of data and information between the insured and an insurer to support underwriting,
monitoring and claims activities associated with a cyber-insurance policy;
d) leveraging an information security management system when sharing relevant data and
information with an insurer.
This document is applicable to organizations of all types, sizes and nature to assist in the planning and
purchase of cyber-insurance by the organization.
2 Normative references
The following documents are referred to in the text in such a way that some or all of their content
constitutes requirements of this documen
...
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