In Case of Emergency Break Glass: Cyber Insurance

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Presented by

Michelle Drolet, CEO, Towerwall, Michelle Lord, SVP, Eastern Insurance, and Vince Kearns, Cyber Risk Specialist, Trend Micro

About this talk

Cybersecurity threats have been growing year on year, with 2022 seeing ransomware attacks increase by 87% against industrial organizations. If successful, these breaches can come at a high cost; ransomware extortion totaled $456.8 million in 2022, after a high of $765.6 million in 2021. But is cyber insurance the answer? Unlike other forms of insurance, cyber insurance language is not standardized, and this can lead to significant variations in policy coverage. Certain offenses, like cyber warfare, are often excluded from coverage, while individual insurers may disagree on what constitutes an approved “loss event.” Yet is it worse to be left without any protection at all? This panel will discuss: - The real stakes in cybersecurity right now - What comprises a robust cyber insurance policy? - How the market has changed in 2023 Join Michelle Drolet, Founder & CEO, Towerwall, Michelle Lord, SVP, Eastern Insurance, and Vince Kearns, Cyber Risk Specialist, Trend Micro for this timely panel.
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Towerwall is a woman-owned information security company offering a comprehensive suite of security services and solutions using best-of-breed tools and information security services. Our time-tested methodologies provide a consistent, repeatable, and measurable approach to information security; ranging from auditing and profiling to design and implementation. Towerwall’s 4E methodology, Evaluate Establish Educate Enforce, is time-tested, and provides a consistent, repeatable, and measurable approach to information security.