Are you (really) insured for a cyber-attack?
Learn the latest trends in cyber- insurance and what you can expect.
Many businesses rely on insurance, but will they find they are covered? Insurers are looking harder at the companies they will protect, adding exclusions and requiring more protections to be in place.
What does this mean for you? What questions should you be asking next time you renew your cyber insurance?
The webinar, led by Matt Patterson, CEO of Kinetics, and guest Duncan Morrison from Aon, focused on the critical topic of cyber insurance, exploring whether businesses are truly insured against cyberattacks. They discussed the importance of having the right protections in place to qualify for cyber insurance and the evolving landscape of cyber threats and insurance expectations. Key points included the necessity of regular hardware and software updates, strong passwords, multi-factor authentication, and employee training to mitigate risks. Duncan emphasized the insurers’ perspective on assessing risk, highlighting the significance of access controls, incident response plans, and the culture of cybersecurity within organizations. The session concluded with insights into how cyber insurers assess risk and the consequences of inadequate protection, stressing the importance of aligning with insurers’ expectations to ensure comprehensive coverage..