23 10, 2019

From Stephanie Lynch: Summary of New Cyber Insurance Study

By |2019-10-23T13:34:45-05:00October 23, 2019|@PLUS, Cyber, PL Insurance|0 Comments

In this post, Stephanie Lynch provides an excellent summary of the recent Guy Carpenter and CyberCube study "Looking Beyond the Clouds," which looks at potential U.S. cyber insurance industry catastrophes and their financial fallout. You can download the study itself at here the Guy Carpenter website. It is crucial that we, as the cyber insurance market, put in the work to understand the characteristics of catastrophic cyber events and the financial impact they could have on our industry. Guy Carpenter and CyberCube Analytics have collaborated on a study to quantify cyber risk, specifically looking at potential U.S. cyber industry catastrophic [...]

10 10, 2019

From Kurtis Suhs: Managing a Company’s Cyber Risk is a Team Effort

By |2019-10-10T11:33:21-05:00October 10, 2019|@PLUS, Cyber, PL Insurance|0 Comments

In the following guest post, Kurtis Suhs explains how general counsel is crucial in managing cyber risk before a cybersecurity breach occurs. This article was originally published in CyberInsecurity News in October, 2019. Thank you to Kurt for his insight on this important topic. The general counsel’s role in managing cyber risk should start well before a cyber incident. From projects that may range from compliance work, third-party contract reviews and vendor due diligence to employee training and tabletop exercises, in-house counsel can be prime contributors to cyber risk readiness. As the threats of significant financial loss and reputational damage continue [...]

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