The Cyber Insurance Imperative

GONE PHISHING! According to the Cybersecurity and Infrastructure Security Agency, phishing is a contributing factor in more than 90% of all cyber attacks. In this episode, David outlines three steps you can take to safeguard your business from this insidious form of social engineering.

PUTTING A MUZZLE ON "SILENT CYBER". A recent court ruling has dealt another blow to attempts to use Property and Casualty policies to cover cyber losses. In this episode, David discusses the more rewarding way to manage this challenging and constantly evolving risk.

READ THE FINE PRINT: If there is one takeaway from the MOVEit file transfer vulnerability, it's that vigilance around vendor management has become a critical component of cybersecurity. In this episode, David offers three key considerations for business looking to engage an IT service provider.

CYBER ATTACKS ARE LIKE AN ONION: as you peel back each layer, you start to weep! Forensics investigators and data restoration specialists are essential to the incident response process. But just because a vendor is approved by your carrier, that doesn't mean that all of their services are going to be covered under the policy. In this episode, David identifies steps businesses can take to minimize their out-of-pocket costs.

PUTTING THE QUESTION TO REST! A new report from a leading British defense and security think tank dispels the notion that Cyber insurance is fuelling the ransomware epidemic. But that doesn't mean the industry shouldn't be doing more to encourage better cybersecurity on the part of policyholders. In this episode, David discusses what's in the report and how insurance brokers can help equip clients to be better prepared for a potential cyber attack.

THREE (very non - technical) TIPS FOR A SUCCESSFUL TABLETOP EXERCISE. This past week, Alliant conducted a tabletop exercise for a large public entity. In this episode, David discusses some takeaways that can benefit any organization as it prepares to manage a crisis around a cyber attack.

SPECIAL EDITION: ABOUT FACE: After initially indicating that it was deferring implementation of its new cybersecurity regulations until October, the Securities and Exchange Commission abruptly issued the new rules this past week, to take effect within 30 days of publication in the Federal Register. In this episode, David discusses the complicated interplay this presents between cyber and Directors and Officers liability coverage.

FOR THE CHILDREN! A pair of recently enacted state laws are meant to keep kids safe online, and calls for enhanced Federal standards continue to grow. What can businesses do to keep up? In this episode, David explains why the right privacy counsel and insurance coverage can make all the difference.

MEANWHILE, ACROSS THE POND ... This past week, the European Commission issued a decision paving the way for data transfers between residents of the EU and American businesses. In this episode, David discusses the new data privacy framework and what companies should be doing to achieve compliance.

TAPPING THE BREAKS ON PRIVACY REGULATIONS. A pair of recent snags for government enforcement of data protection standards underscores the challenges facing regulators. In this episode, David discusses what's happening on the legal front and where businesses can look for best practices around cybersecurity.