Mitigating Cyber Risk: Insights from the Front Lines of Cyber Insurance

Presented by

Brook Dutcher, Allied World Assurance Company | Nick Jajko, Freeman Mathis & Gary, LLP | Larry Slusser | Jennifer Mulvihill

About this talk

According to the Coalition’s 2022 Report on Cyber Claims, the average ransom demand made against its policyholders increased 20% in 2021 to $1.8m. This increase resulted in soaring premiums and tightened coverage requirements. Although we’re beginning to see ransomware attack trends flatten, the frequency of other attack techniques is increasing and insurers are maintaining their stringent requirements. Furthermore, in-house security teams are faced with limited IT resources and budget constraints to obtain adequate coverage or operationalize an effective incident response plan. In this webinar, SecurityScorecard’s Larry Slusser, Sr. Director of Cyber Operations, and Jennifer Mulvihill, Global Head of Cyber Insurance Alliances, are joined by industry leaders for a roundtable discussion on the importance of Digital Forensics and Incident Response and its direct connection to obtaining affordable cyber insurance at optimal premium and coverage terms. We’ll discuss: - Cyber insurance trends in 2022, including extensive premium hikes, average cost per incident, and where demographics come from - Best practices for increasing cyber resilience and new technologies to prepare, defend, and respond to cyber risk resilience - Forecasts for 2023 around premium rates, mandatory policy requirements, cyber threats, and more Webinar attendees will receive a one-hour complimentary session with SecurityScorecard's Services team who can help you proactively discover active and emerging threats before your organization faces them. *To redeem, must attend webinar and register with a company email address by July 17, 2023. SecurityScorecard has 30 days to schedule the complimentary hour. We can accommodate English Language Speakers only in our complimentary session.
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