Cyber Insurance

Presented by

Claude Baudoin, David Harris, Tim Cavanaugh, Steven Schwartz and Janice Reese

About this talk

Cloud Computing often raises or complicates the question of how customers can recover the direct costs and indirect losses resulting from an outage or a data breach. The objective of this webinar is to explain the role cyber insurance (CI) contracts play in mitigating those consequences and the challenges of assessing the risk and damage – especially to intangible assets. CI is evolving in response to user demands. In particular, a new form of contract – parametric insurance – was introduced to overcome some of the limitations of traditional indemnity insurance. This paves the way for future CI states. The following topics will be covered: • What is cyber insurance? • The impact of intangible assets • The impact of cloud services • Risk assessment • The future of CI • Required CI standards

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The Object Management Group® (OMG®) is an international, open membership, not-for-profit technology standards consortium. Founded in 1989, OMG standards are driven by vendors, end-users, academic institutions, and government agencies.