The “Conversational” Method : We have two objectives when we create a “Conversational” book. First, to make sure it’s written in a conversational tone so that it’s fun and easy to read. Second, to make sure you, the reader, can immediately take what you read and include it into your own conversations (personal or business-focused) with confidence.
“Geek in the Mirror” Boxes: We infuse humor and insight into our books through both cartoons and light banter from the author. When you see one of these boxes it’s the author stepping outside the dialog to speak directly to you. It might be an anecdote; it might be a personal experience.
How Cybersecurity and Cyber Insurance are Intertwined
In PWC’s 25th Annual Global CEO Survey, respondents listed cyber risks as their top threat to growth.1 As the former CEO of IBM once stated, “We believe that data is the phenomenon of our time. It is the world’s new natural resource. It is the new basis of competitive advantage, and it is transforming every profession and industry. If all of this is true – even inevitable – then cybercrime, by definition, is the greatest threat to every profession, every industry, every company in the world.”
Meanwhile, the headlines do not inspire confidence. Forbes recently posed the question, “Why Are We Losing the Cyber War?” They followed with another article replete with depressing statistics, declaring there were “50% more attack attempts per week on corporate networks globally in calendar year 2021 compared with 2020,” and, “$43 billion stolen through Business Email Compromise since 2016, reports FBI.”
When a headline from six years ago stated, “America is Losing the Cyber War”4 it should come as no surprise that The New York Times recently released an article entitled, “How the United States Lost to Hackers.
So, what can your business do in light of such persistent and dire threats? There’s an old joke about two hikers sitting in a tent, when a bear comes charging towards them. The first man immediately starts running away, while the second man starts putting on his shoes. The man running turns around and yells, “Your shoes won’t help you outrun the bear!” To which the second man replies, “I don’t have to outrun the bear, I just need to outrun you!”
Much like the above story, there is very little, if anything, that your business can do offensively. Therefore, your only option is to maximize defense. Within this realm, you have two primary categories.
cybersecurity and cyber insurance. While these two ideas were traditionally seen as two separate topics, you’ll see below that they are becoming more intertwined and interdependent every year.
Topics covered in this guide
- Let’s Talk About Cyber Insurance
- What is “Cyber Insurance?”
- Side One – Third-Party Claims
- Assessing Cybersecurity Requirements for Cyber Insurance
- The Big Takeaways
This article is posted at delinea.com
Please fill out the form to access the content