The Cyber Insurance Imperative

SPECIAL EDITION: A DOUBLE DOSE OF BIPA! A pair of recent decisions from the Illinois Supreme Court should have companies that collect biometric information on high alert. In this episode, David breaks down what these decisions mean for your company's data privacy practices.

WHAT DO ADULT UNDERGARMENTS AND THE INSURABILITY OF FINES AND PENALTIES HAVE IN COMMON? In this episode, David discusses the latest civil fine levied by the Federal Trade Commission, and how your cyber insurance policy may respond.

The NIST framework is like the laws of physics when it comes to cybersecurity; you ignore them at your own peril. In this episode, David discusses the proposed changes to this framework and what businesses can do to help safeguard their network and data.

THE GREATEST BENEFIT OF CYBER INSURANCE THAT YOU MAY HAVE NEVER HEARD ABOUT. Many insurance carriers are offering financial incentives to existing policyholders to help them improve their cybersecurity posture before a claim arises. In this episode, David explains how to take advantage of this important but often overlooked benefit, which can save you money on needed enhancements while making your business a better risk in the eyes of the underwriters.

AS ALBANY GOES, SO GOES THE NATION. The New York State Department of financial Services has closed out its comment period on proposed amendments to its cyber security regulations. These rules have far-reaching implications for financial institutions nationwide, as the DFS has been seen as a model for other regulators to follow. In this episode, David discusses what's in the proposed rule, and how financial services companies can manage risk under this regulatory framework.

CHAT GPT: SERVANT OR MASTER? A new artificial intelligence tool is taking the tech world by storm, but it's not without its share of cybersecurity risks. In this episode, David discusses what researchers have learned about this latest technology and explains how businesses can protect themselves from potential cybercrime.

IS THE GLASS HALF FULL OR HALF EMPTY? Though it continues to face its share of growing pains, the state of the cyber insurance market remains strong as we enter 2023. In this episode, David discusses current market trends, coverage considerations, and recent investments Alliant lliant has made to become full service cyber risk advisors to its clients.

Website spoofing is a growing method of cyber attack that should concern every business owner and marketing executive. Not only can spoofing result in lost business, it has the potential to saddle yo,u and your customers with stolen login credentials, lost account info, and even ransomware. In this episode, David explains how to stay vigilant, and where cyber insurance may come into play.

JUMPING (CRYPTO) JACK FLASH! Crypto-jacking is the biggest cybercrime threat that you may have never heard of, but it's on the way to becoming the preferred method of cyber attack for criminals in 2023. Also known as utility fraud, it can hobble computer networks and send your company's electric bills through the roof. In this episode, David explains why this illicit form of cryptomining has caught on, how to watch for it, and where to find insurance coverage for it.

Social media companies are in the spotlight once again. This past week, the U.S. Department of Justice filed a brief in the Supreme Court, in which it argued that the immunity enjoyed by tech companies under Section 230 of the Communications Decency Act has its limits. Does your company's insurance program cover media liability claims? In this episode, David explains the importance of this coverage for all types of businesses.