The Cyber Insurance Imperative

CISOs NEED DIRECTORS AND OFFICERS LIABILITYINSURANCE! A recent survey of over 1,600 information security professionals by a leading cybersecurity firm underscores the concern many CISOs share around personal liability in their roles. In this episode, David discusses what's driving this concern and how the right insurance can help companies recruit and retain talent.

ROCKY MOUNTAIN AI: Colorado recently became the first state in the nation to enact a comprehensive law regulating the use of artificial intelligence. In this episode, david discusses the scope of the new statute and the types of insurance coverage that businesses will need to respond to claims arising from the use of AI.

"IT'S LIKE THE 1980's OR 1990's." The recent cyber attack on a major U.S. healthcare system has disrupted patient care and forced many of its business partners to disconnect from its network. In this episode, David highlights the type of insurance coverage available to impacted organizations and discusses the importance of tabletop exercises in helping businesses prepare for the worst.

WHEN IN DOUBT, REPORT! In this episode, David discusses the importance of giving timely notice of even the most seemingly minor incidents under a cyberinsurance policy.

CAN'T MAKE IT TO RIMS? In this episode, David offers a sneak peak into his panel's presentation on the use of AI as part of an overall cybersecurity risk management strategy.

DEATH BY A THOUSAND CUTS. A newly released report from a leading managing general agent highlights the persistence of cybercrime as a method of attack. In this episode, David discusses what's behind the surge as well as how companies can safeguard themselves from these less severe but highly prevalent types of claims.

HATERS GONNA HATE, FITCH IS GONNA RATE! An upcoming report from Fitch ratings highlights the continued profitability of the market for cyber insurance, refuting the naysayers who have doubted the sustainability of the product. In this episode, David explains how businesses can take advantage of these favorable market conditions to obtain better pricing and coverage terms.

LIGHTNING STRIKES TWICE! News reports indicate a second ransomware attack has been perpetrated against Change Health Care. In this episode, David discusses pre and post incident services that can help a company prepare for, and learn from, a Cyber attack.

SPECIAL EDITION: WHAT DO SAUSAGE AND LEGISLATION HAVE IN COMMON? A discussion draft of new Federal data privacy legislation has bipartisan support. In this episode, David breaks down what's in the bill, how it would work with existing laws, and what it could mean for your company's data security practices.

DON'T LET THIS BE THE ACHILLES' HEEL OF YOUR RISK MANAGEMENT PROGRAM. A contract provision that often gets overlooked between IT service providers and their customers can have huge implications for their insurance. In this episode, David discusses a recent case, focusing on what the court didn't say and why marrying your contract wording to your insurance coverage is so important.