As cybersecurity risk continues to evolve, the insurance market is responding with new solutions designed to fill in gaps and expand coverage. One such innovation is parametric insurance, which is not a new product, but which has never been used in the cyber space. To find out more about how these policies work and the…

A Q&A with Matthew Cherian of BitSightThird party data security risk continues to grow and even mature enterprises struggle to contain this unwieldy challenge. For cyber insurers, it’s becoming increasingly urgent to find better tools for assessing third party vendor risk when underwriting for a policy. To learn more about why and how this should…

A Q&A with Peter Armstrong of Munich Re and Julie Eichenseer of Guidewire: Cyence Risk Analytics At the NetDiligence® Cyber Risk Summit in Philadelphia, Julie Eichenseer of Guidewire: Cyence Risk Analytics and Peter Armstrong of Munich Re participated in a panel on cyber risk quantification, discussing how current approaches to evaluating cyber risk can better…

A Q&A with Scott Stransky of AIR WorldwideThe exposures associated with cyber incidents and losses reach far and wide, including a whole category of risk called “silent cyber.” With traditional policies offering ambiguous coverage for cyber events, insurers and their insureds face a significant amount of gray area for these risks, which have now become…

A Q&A with Paul Otto of Hogan Lovells Given recent events such as the 2017 WannaCry ransomware attack that affected more than 200,000 computers across 150 countries, concerns about data privacy and medical devices have come to the fore with increased scrutiny from regulators. To understand the risks medical devices pose and how companies are…

A Q&A with Thom Rickert of Trident Public Risk Solutions Thom Rickert, vice president, emerging risks specialist for Trident Public Risk Solutions – Argo Group US, has specialized in public entity insurance for 35 years. In light of recent public entity cyber breaches like the ransomware attack we saw in Atlanta in March 2018, Rickert…

A Q&A with Chris Pillay of Meridian Technologies An often-overlooked risk in cyber security is software development and testing, which is often done in house in large companies. To test software, engineers utilize either scrubbed data and where the process of scrubbing personally identifiable information is too complex, costly or time-consuming, live data is used,…

A Q&A with Stewart Atkinson of Dashlane Too often, data breach incidents can be traced to poorly managed passwords, underscoring the fact that humans are almost always the weak link. Yet with so many functions both in and outside the office requiring the use of usernames and passwords, maintaining proper password hygiene can be a…

A Q&A with Scott Diamond of Chicago Crypto Network, LLC Blockchain is an emerging technology with the potential to greatly reduce cyber risk and ensure data integrity. To find out more about how it works and why organizations can benefit from rethinking their business processes, I talked to Scott Diamond of Chicago Crypto Network.

A Q&A with David Lineman, Information Shield Public entities are equally at risk for data loss incidents as organizations in the private sector, yet PEs are often far less prepared to handle these events. I spoke to David Lineman, president of Information Shield, about how PEs can strengthen their cyber security posture.