The Cyber Insurance Imperative

WATER, WATER, EVERYWHERE! As recently reported by the Wall Street Journal, hackers have targeted water and sewage authorities in at least seven states. In at least once case, the attack was serious enough to impact operations. In this episode, David discusses the importance of safeguarding the operational technology that keeps critical infrastructure safe, and outlines two steps that public entities can take to ensure that they qualify for, and receive the benefit of, Cyber insurance coverage that responds to these incidents.

A WAKE UP CALL FOR THE HOSPITALITY SECTOR! Hackers are targeting routers used for public WiFi connections at hotels, conference centers, airports, and other venues with an eye toward stealing corporate login credentials. In this episode, David discusses steps users can take to protect themselves, and the importance of a cyber risk assessment process for hospitality organizations.

THE LONG TAIL OF CYBER RISK STRIKES AGAIN! A recent settlement between multiple states' Attorneys General and a genealogy company puts to rest allegations of poor security arising from a data breach in 2023. In this episode, David discusses the scope of that incident as well as what companies should be doing to protect themselves from investigations of their data privacy practices.

A RAY OF SUNSHINE IN THE GOLDEN STATE: California lawmakers recently moved one step closer to limiting the explosive rise in website tracking litigation. In this episode, David discusses the current legislative proposal, how it might be amended to broaden its potential impact, and steps companies can take to reduce their exposure to these types of claims.

INSURANCE INDUSTRY, HEAL THYSELF: Thousands of insurance agents and brokers across the country need to consider their own cybersecurity and data privacy practices. In this episode, David sits down with John Snyder of Net Friends to discuss the threat landscape and how Managed Service Providers can help clients better manage risk and enhance their insurability.

IT'S GO TIME! The President's recent Executive Order "Securing the Nation Against Cryptographic Attacks" makes clear that quantum computing is a threat for which businesses need to start planning today. In this episode, David discusses how the EO will impact federal contractors, and why businesses of all types need to start planning for this next phase of Cyber risk.

BOLD LEADERSHIP, OR "LEGISLATING BY ANECDOTE?" Connecticut just became the latest state to pass legislation intended to regulate the use of AI by businesses. In this episode, David discusses the reasons some states are moving forward without waiting for Washington to act, and explains why some legal experts advising the business community are sceptical of this approach. He also offers a way for businesses to begin improving their AI governance and putting best practices in place.

THE OPPOSITE OF ALLYSHIP IS COMPLACENCY! In this episode, Violet Sullivan, head of risk solutions at Crum and Forester, shares her insights on enterprise risk management, diversity in the industry, and her journey as a trailblazer for women in cyber insurance.

FEELING 22? Vermont is on the verge of becoming the 22nd state to enact comprehensive data privacy legislation. While the bill enjoys broad bipartisan support, consumer advocates are crying foul, saying that the law's measures are insufficient. In this episode, David discusses the controversy surrounding this legislation, and what businesses should be doing to ensure compliance with the increasingly complex array of state data privacy laws.

REGULATORS OFFER "GUIDANCE" TO FINANCIAL INSTITUTIONS ON THE USE OF AI. The New York State Department of Financial Services has cautioned banks and other regulated entities that deployment of AI can increase their vulnerability to a cyberattack, and is recommending heightened cybersecurity measures to combat this risk. This guidance comes against the backdrop of chatter from underwriters that coverage for such incidents may be sub-limited or excluded altogether. In this episode, David breaks down the DFS' recommendations, and provides resources to help firms put the right governance mechanisms in place.