Thought Leadership Session:
Optimizing Your Cyber Insurance Investment
The insurance business doesn’t like surprises. “After all, virtually all surprises in insurance are unpleasant ones,” said Warren Buffett, and any leader involved in buying or selling cyber insurance these days has seen some very unpleasant surprises indeed. Ransomware is involved in the vast majority of cyber insurance claims, and the average ransomware payment reached a staggering $812,000 last year. In fact, insurance companies pay hundreds of millions of dollars in cybersecurity-related claims every year. But with underwriting standards tightening, coverage shrinking, and rates skyrocketing, many executives and board members are downright nervous about getting (and keeping) the cyber insurance that covers them in the event of ransomware and other attacks.
Our panelists each bring a unique perspective and approach to tackling this thorny problem. Attendees will take a deeper dive into issues that include:
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