Cyber Insurance , Governance & Risk Management

Cyber Insurance: A Rising Role in Mitigating Risk for CISOs

Cyber Insurance: A Rising Role in Mitigating Risk for CISOs

The financial risks to organizations from data breaches come from a variety of angles, from share price hits to class-action lawsuits to fines from regulators to reputational damage. As such, the insurance industry has jumped full steam into cyber. Larger insurers are already helping companies spot and mitigate weaknesses as part of their coverage, as well as helping post-incident with response and remediation. But how often are CISOs involved in the cyber-insurance decision-making process? Not often enough.

See Also: Top 10 Cybersecurity Controls to Reduce Organizational Risk

In this engaging panel discussion about the role cyber-insurance plays today in every line of business, Tim Francis, vice president and enterprise lead for cyber insurance at Travelers, will kick us off with a 10-minute overview of the current state of affairs, highlighting why it's so critical to get CISOs involved in cyber-insurance decisions from Day 1. CISOs have historically not been too keen to see money invested in risk-transfer protections; instead, they'd rather see that money spent on security. So, how and should their perspectives about cyber-insurance change? After Tim's presentation, we will move to into a panel discussion to further explore questions and views on cyber insurance.

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