Everyone knows when to use car insurance, health insurance, and even pet insurance. But what about cyber insurance? There are numerous reasons why cyber insurance is a requisite in today’s threat landscape. Ransomware is perhaps at the top of the list with bad actors targeting private and public sector organizations using any number of attack vectors, including phishing and third-party supply chains. But ransomware is just one of many cyber threats for which organizations need cyber insurance.
Organizations experience tens of thousands of attacks on their networks, endpoints, applications, and content each month. While the majority fail to connect with an exploitable vulnerability, some do—and this is where cyber insurance is needed. But cyber insurance is not a one-size-fits-all policy. Organization size, industry, and threat posture are factors organizations must consider when determining what to put into their cyber-insurance policies. Watch this Perspectives video to learn about cyber-insurance trends, use cases, and recommendations from three experienced CISOs: Teza Mukkavilli, CISO for ChargePoint, Derek Morris, Virtual CISO for Wolf & Company P.C., and Darrell Jones (moderator), Virtual CISO for The Wrigley Group.