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 [...]
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 [...]
This past Thursday, January 10, was the Hartford Chapter's Cyber Security and Data Privacy Workshop. About 40 people participated in the workshop and enjoyed a lovely reception afterwards. Thank you to the Hartford Chapter for organizing this event and enjoy the photos!