We interview Joseph Brunsman of the Brunsman Group, a thought leader in cybersecurity insurance. They discuss the liability in data breaches and the changes happening in the cybersecurity insurance industry. They also explore the impact of AI on cyber insurance and the importance of accurate application and underwriting processes. The conversation highlights the increasing scrutiny from regulators and the potential personal liability for CEOs and executives. 

The episode concludes with a discussion on the SolarWinds breach and the need for businesses to take cybersecurity seriously. In this conversation, Dino Mauro and Joseph Brunsman discuss the importance of cyber insurance and the potential risks and liabilities that businesses face in the event of a cyber breach. They emphasize the need for businesses to proactively plan and implement cybersecurity measures to mitigate these risks. They also highlight the changing landscape of cyber insurance policies and the need for businesses to stay informed about exclusions and coverage limitations. The conversation concludes with the reminder that businesses should consult with subject matter experts and develop a comprehensive cybersecurity roadmap.

Chapters

• 00:00 Introduction to Cybersecurity Insurance
• 02:18 Changes in the Insurance Industry
• 06:11 Importance of Accurate Application Process
• 09:34 Personal Liability for CEOs and Executives
• 13:54 Regulatory Scrutiny and Enforcement Actions
• 19:40 Lessons from the SolarWinds Breach
• 26:54 The Changing Landscape of Cyber Insurance
• 27:23 Addressing Legacy Hardware and Software Exclusions
• 35:05 Understanding the Limits of Cyber Insurance Coverage
• 43:20 Taking Proactive Steps to Mitigate Cyber Risks

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