Elevator Pitch
Rising premiums? Denied coverage? Told to buy “cyber insurance” and you’re completely lost? Unlike car insurance, Cyber is an immature, rapidly changing market, with skyrocketing rates and cancellations, and even war clauses being used to deny claims. Let’s discuss the pitfalls of cyber insurance.
Description
Blue Teaming is all about risk, and we can’t talk about cyber risk management without talking about risk transfer: buying insurance. The cyber insurance market has been a roller coaster these past few years, with insurers exiting the market, premiums skyrocketing, claims being denied, and policies cancelled. Most companies just check the “cyber insurance” box without ever giving thought to what they’re buying, how it will protect them, and what it means in their cyber risk management toolkit. We’ll spend an hour thinking about how to make an informed decision, how to avoid last minute cancellations, and what happens during a claim.