Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

3/24/2017
02:15 PM
Kelly Sheridan
Kelly Sheridan
Slideshows
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

Intro to Cyber Insurance: 7 Questions to Ask

Buying a cyber insurance policy can be complex and difficult. Make sure you're asking these questions as you navigate the process.
Previous
1 of 8
Next

Cyber insurance is a growing field putting business and security leaders to the test as they navigate the often tricky process of researching and purchasing policies. Technology is quickly changing, and so is risk.

Insurance for cybersecurity is different from other types of insurance because the nature of threats is constantly changing. A hurricane doesn't change intensity because a building code changes, but cybercriminals will change their strategies as technology and risk evolve.

"New trends like BYOD, [and] IoT make tech strategy change all the time," says Portnox CEO Ofer Amitai. "It's really a problem for businesses to assess their policies and terms. Technology is so dynamic. It's difficult to say what's going on; what's their risk." 

These changes make it harder for underwriters and companies to stay abreast of the landscape. During the tricky process of buying cyber insurance, you'll ask and answer questions about your company, security posture, and other factors to determine which policy is best for you, and how much coverage you should buy. 

It's worth noting the research process is changing for businesses as the marketplace gets more competitive, notes David Bradford, chief strategy officer and director of strategic partner development at Advisen. Because insurers are fighting to underwrite the same businesses, they're making the purchasing process less burdensome for clients.

That said, insurance remains a tricky field to navigate, especially for companies new to it.

Here, Bradford and Amitai share questions businesses frequently ask -- and those they should be asking -- in researching insurance. Keep these in mind as you ponder which policy will work best for you.

[Bradford will give a presentation called Cyber Insurance 101 during Interop ITX, May 15-19, at the MGM Grand in Las Vegas. To learn more about his presentation, other Interop security tracks, or to register click on the live links.]

 

Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio
 

Recommended Reading:

Previous
1 of 8
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
<<   <   Page 2 / 2
JamesD553
100%
0%
JamesD553,
User Rank: Apprentice
3/26/2017 | 10:31:09 PM
business secure
Given the number of news and analysis stories around this emerging trend you could be forgiven for thinking that cyber insurance is a one-size-fits-all product, but that is far from the truth. In reality, it should be treated as an add-on to good security and compliance, and not as a standalone product that will make your business secure
<<   <   Page 2 / 2
Overcoming the Challenge of Shorter Certificate Lifespans
Mike Cooper, Founder & CEO of Revocent,  10/15/2020
7 Tips for Choosing Security Metrics That Matter
Ericka Chickowski, Contributing Writer,  10/19/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-27605
PUBLISHED: 2020-10-21
BigBlueButton through 2.2.8 uses Ghostscript for processing of uploaded EPS documents, and consequently may be subject to attacks related to a &quot;schwache Sandbox.&quot;
CVE-2020-27606
PUBLISHED: 2020-10-21
BigBlueButton before 2.2.8 (or earlier) does not set the secure flag for the session cookie in an https session, which makes it easier for remote attackers to capture this cookie by intercepting its transmission within an http session.
CVE-2020-27607
PUBLISHED: 2020-10-21
In BigBlueButton before 2.2.8 (or earlier), the client-side Mute button only signifies that the server should stop accepting audio data from the client. It does not directly configure the client to stop sending audio data to the server, and thus a modified server could store the audio data and/or tr...
CVE-2020-27608
PUBLISHED: 2020-10-21
In BigBlueButton before 2.2.8 (or earlier), uploaded presentations are sent to clients without a Content-Type header, which allows XSS, as demonstrated by a .png file extension for an HTML document.
CVE-2020-27609
PUBLISHED: 2020-10-21
BigBlueButton through 2.2.8 records a video meeting despite the deactivation of video recording in the user interface. This may result in data storage beyond what is authorized for a specific meeting topic or participant.