Cyber insurance - taking the sting out of an information security breach

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Presented at ITWeb 2014 by

Natalie Coolwijk

The evolving cyber landscape is placing organisations, as well as the data that they possess, manage and process, under the spotlight. Minor breaches and the loss of seemingly harmless data could result in large repercussions for organisations and their customers alike. Cyber insurance assists in facilitating and managing the breach response process, with the aim of reducing the potential impact to organisations and their clients, in terms or consequences as well as costs. Natalie van de Coolwijk will: Walk the audience through a real world scenario, highlighting the serious repercussions a badly managed response can have Demonstrate how the same scenario could play out with a cyber insurance policy in place to ensure effective breach response Point out how cyber insurance fits into the response process and highlight the coverage and benefits of the policy Describe the items to be considered when purchasing such a policy Give an overview of the US market, where the cyber insurance offering is already mature