Ralph Pasquariello is a Senior Partner at The Tech Collective, a technology solutions company. He works with the FBI, GBI, and US Secret Service on the Atlanta Cyber Fraud Task Force. Ralph is also the former Executive Committee Chairman for the Tech400 Cyber Symposium and an advisor to the Georgia Tech Research Institute. He has served and chaired on numerous boards and organizations.

Ralph's cyber liability expertise has qualified him to present at over 100 events. For the past 14 years, he has moderated and spoke at dozens of conferences and panels on cyber liability and data breach risk management. He's hosted educational seminars on cyber exposure for professional associations of all industries, including operational technology and intellectual technology.

In this episode…

When a company undergoes a cyber attack, the repercussions are costly. From remediation and replacement costs to third-party damages and operational interruptions, cyber insurance aims to cover expenses businesses incur and help them stay afloat after a cyber event. Cyber insurance is a crucial part of security, yet many businesses remain underinsured, believing that compliance with third-party vendors and/or client contracts is sufficient. What coverage might your company be missing, and how can you ensure it's optimal?

Cyber insurance coverage may include more than basic security provisions, encompassing additional elements such as commercial crime, social engineering, ransomware, and fraudulent transfers. As cyber insurance requirements have become increasingly strict over the years — The Tech Collective helps companies navigate complex insurance applications, analyze optimal insurance coverage based on business-specific needs and risks, and perform a comparative industry analysis.

In this week's episode of She Said Privacy/He Said Security, Jodi and Justin Daniels welcome Ralph Pasquariello, Senior Partner at The Tech Collective, to talk about how companies can ensure optimal cyber insurance coverage. Ralph emphasizes that business security measures and contractual compliance are not equivalent to proper cyber insurance coverage. He also shares instances where insurance companies may deny claims and provides insight into carriers changing requirements.