Cyber Insurance: Navigating the Nuances in a Digital Age

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Presented by

Kirsten Bay, Cysurance

About this talk

As digital threats grow in complexity and frequency, cyber insurance emerges as a critical component in the cybersecurity strategy for organizations across all industries. This session will explore the evolution of cyber insurance, from its origins to its current state, and examine how emerging technologies are shaping insurance premiums and coverage strategies. Participants will gain a comprehensive understanding of the cyber insurance market, including key players, the structure of policies, and the factors influencing the cost and coverage. We will discuss the pivotal role that technology plays in shaping these policies, particularly how advancements in security technology can mitigate risks and potentially lower premiums. The session will also highlight the critical importance of having cyber insurance as part of an organization's risk management strategy. Additionally, attendees will receive a practical blueprint for action in the event of a cybersecurity breach. This guide will cover immediate steps to take following an incident, how to work with insurers during claims, and strategies for leveraging insurance resources to aid in recovery and minimize downtime. Learning Outcomes: • Understand the historical context and evolution of the cyber insurance market. • Analyze how current technological advancements are influencing insurance premiums and what it means for policyholders. • Recognize the importance of cyber insurance in risk management and how it fits into broader cybersecurity strategies. • Learn practical steps to manage the aftermath of a cyber incident with the support of your insurance provider.
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Logically is a leading national managed security and IT solution provider that helps organizations secure and support their businesses today, solve for tomorrow, and strategize for the future with cyber-first solutions. Our team of experts, including cybersecurity, engineering, networking, and cloud specialists, collaborate with customers to implement solutions that protect their assets, reduce risk, and optimize performance, end to end. ​ Since 1999, we have made long-term relationships, customer service excellence, and purposeful innovation guiding principles to ensure customers have a trusted advisor at their side, helping them focus on their business, not the technology behind it.