Cyber criminals are becoming increasingly sophisticated, and the costs to mitigate damage inflicted by a cyber breach are rising. With these threats in mind, cyber insurance has emerged as an attractive way for companies to mitigate risk. In this episode of the Faegre Drinker on Law and Technology Podcast, host Jason G. Weiss sits down with his Faegre Drinker colleague David Porteous, an authority on the securities regulations related to cybersecurity, and Conrad Deneault, a cyber insurance executive and provider of consultative risk management, to discuss cybersecurity regulation and enforcement efforts in the financial services industry as well as insurance coverage.
The conversation covers a number of questions, including:
- What is cyber insurance?
- What threats is cyber insurance designed to protect against?
- What major shifts have occurred in the cyber insurance landscape over the past few years?
- What are some best practices for obtaining cyber insurance?
- What kind of preemptive cybersecurity action are regulators expecting from corporations?