Untangle the Complexities of Cyber Insurance
Timothy Smit Global Privacy and Cyber Risk Consulting Leader, Lockton
Spencer Timmel National Director of Cyber and Technology Insurance, Safety National
Mike Dockery Former CISO, Cincinnati Insurance Companies
Laureen Smith VP, CISO Street/Kiteworks
Navigating the complex world of cyber insurance can be challenging, even for seasoned security
leaders. Many organizations are deemed uninsurable due to immature or incomplete privacy
and cybersecurity frameworks. Without an enterprise-grade solution in place, even existing
coverage can be reduced or stripped altogether. To obtain cyber insurance of value,
organizations need to have both a data map and data classification policy. Then, they can
overlay the appropriate security controls based on the classification throughout the data’s
entire life cycle and flow path.
Watch this webinar to learn more about the intricacies of cyber insurance from the point of
view of a CISO turned cyber-insurance broker. Topics covered will include:
- Cyber insurance from both broker and customer perspectives
- Why co-insurance needs are now common
- How to best approach a policy renewal
- How to engage with your insurance firm following a breach
Timothy Smit provides expertise in the areas of data protection laws, privacy liability, and cyber-technology best practices for protecting information and their processes. He consults with Lockton clients on how best to develop strategies to manage their total cost of risk within their organizations while protecting their critical assets and information. He has over 25 years of information protection experience in the Insurance, Healthcare, Medical Devices, Government, Retail Merchandising, Higher Education, and Crisis Management industries.
Spencer Timmel leads the Cyber Risk Insurance products for Safety National, a member of the Tokio Marine Group. 15 of Spencer’s 20+ years in insurance have been dedicated to Cyber Risk identification, quantification, mitigation and insurance. Spencer spent nearly a decade leading a cyber and tech insurance practice for a large privately held brokerage. Safety National is focused on entities with revenues in excess of $1 Billion.
Mike Dockery is the longest serving Fortune 500 Chief Information Security Officer. Mike served for 22 years as the CISO of the Cincinnati Insurance Companies and managed a team in support of information security, cyber insurance investigation, and assisted with development of cyber insurance products. Mike’s forty-two years in the security field include a tour with the US Air Force “SAC Elite Guard” and fourteen years as a Senior Special Agent with the Defense Department.
In May 1999, Mike received an award from the Director FBI, Louis Freeh, for “Exceptional Service in the Public Interest.” Mike has provided expert forensic and security assistance in a variety of cases to include arson, bankruptcy, trademark infringement, divorce, national security, wrongful termination, medical malpractice, and insurance fraud cases.
Mike is a past President of the Greater Cincinnati Information System Security Association (ISSA) and past Secretary of the Cincinnati ISC2 chapter. Mike is now focused on helping struggling CISO’s in their careers and veterans focused on leaving DOD and entering Cyber Security in the private sector.
Laureen Smith is the Vice President of Global Strategic Partnerships at Kiteworks, the leading cybersecurity company that protects privacy and ensures compliance of a company’s sensitive and mission-critical content. Laureen brings over twenty years of experience in technology and information systems, with a more recent focus in cybersecurity. As a veteran executive in the industry, she has led relationship marketing, brand development, thought leadership, enterprise and channel sales, go to market and brand strategy, product management, and has consulted in many industry segments, including Government, Legal, Finance, Healthcare, Pharma, Biotech, and Manufacturing.
Laureen is the creator, co-founder and publisher of CISO Street, an online thought leadership community for cybersecurity leaders. She is also a speaker, moderator, and content creator for the site. In addition, Laureen manages the strategic advisory board for Kiteworks. Board members include Chief Security Officers, Chief Information Security Officers, Chief Compliance Officers, and Chief Privacy Officers of Fortune 500 companies.