Bring Predictability to the Unpredictable: Reduce spiraling costs for incident response

Spiraling costs following a cyber breach present a huge challenge for both insureds and insurers. Following an incident, insurers need to stay close to the incident and have a comprehensive understanding of the costs. Pre-vetting of vendors is crucial; you should consider the type of incident, and the insured. To put it simply, delivering a disaster response plan that ensures business continuity and restores core functionality means you need the right partners involved in the right incidents. Take for example, data mining. It’s a pain point in terms of unpredictable costs. Insurers that hunt down the right vendors to help them efficiently process the data, and reduce manual intervention, will be the winners. Tune into this webinar to: - Ensure your incident response plan is robust and regularly updated: Analyze the gaps to minimize downtime and losses - Avoid volatile costs: Resolve unknowns and uncertainties, especially around large data sets, and evaluate how many people are impacted, and the scope of the attack - Discuss strategies for working with vendors you trust, conducting due diligence, and getting accurate quotes without costs spiraling - Address the challenges of a third-party breach, including data mining and notification covering multiple countries and languages - Investigate your preferred vendors’ rates and review contracts and retainer agreements to ensure that respective responsibilities and assumed liability is in place well in advance of an incident Richard Savage, Senior Director, Cyber Incident Response, Tokio Marine Monique Ferraro, Cyber Counsel, HSB Megan Silverman, VP Cyber Solutions, Integreon Carolyn Purwin-Ryan, Partner—Data Privacy and Cybersecurity, Mullen Coughlin Moderator: Anshu Gupta, President: Business Head, Cyber Solutions, Integreon This webinar is brought to you in association with Integreon. By registering you agree to share your information with this organisation.