Reed Smith Insurance Recovery Group’s Post

The unfortunate truth is that National security and cyber regulation may not be juxtaposed in the new administration. On one hand the U.S is facing one of its biggest threats to National Security through cyberespionage, IP theft and the threat of nation state actors in its CNI. On the other, like many nation states, it has to upskill and improve the governance, oversight and assurance of cybersecurity across its CNO to protect it. The article provides an interesting evaluation of the challenges ahead for organisation seeking cyber insurance in 2025, as the market softens, making coverage harder to obtain. Pushing more reliance 'Left of Bang' onto the insured to demonstrate adequate cybersecurity risk management. Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan Veritas GRC #cybersecurity #cyberriskmanagement #cyberinsruance #cyberregulation

How the increasing demand for cyber insurance is changing the role of the CISO As more organizations seek out insurance, CISOs are becoming key advisors on coverage needs and learning to integrate policies into security response strategies. #cyber #cybersecurity #cyberinsurance #advisors #CISO #roles https://lnkd.in/eEpk-Ei9

To kick off Cybersecurity Awareness Month, J. Andrew Moss is quoted in CSO Online discussing how Chief Information Security Officers (CISOs) are taking on the responsibility of overseeing cyber insurance coverage needs and incorporating policies into security management. #cyberinsurance #cybersecurity #policyholder #CISO

In the second of two parts about cybersecurity insurance, I looked at what small businesses can do to defend against cyberattacks. “A lot of carriers provide free tabletop exercises like phishing attack simulations and pen [penetration] tests,” said Tamara Ashjian, vice president of cyber and tech claims in the cyber and professional lines group of Tokio Marine HCC. “Do them, because you're better off being protected and knowing everything that you should know on how to put a policy in place before or if there's a big attack.” https://bit.ly/3L6eHyk #insurtech #cybersecurity #cybersecurityinsurance

How is Howden transforming the cyber insurance landscape for businesses? Sarah Neild, Howden's UK Head of Cyber Retail, and Chester Wisniewski, Director and Global Field CTO at Sophos discuss the stabilizing costs and improved cybersecurity measures driving this change. #CyberInsurance #DigitalThreats #BusinessProtection

One Phrase, Multiple Interpretations – How Your Scope of Cyber Coverage Can Vary Depending on Your Jurisdiction https://bit.ly/4475uyO #cyber #cybersecurity #insurancecoverage

One Phrase, Multiple Interpretations – How Your Scope of Cyber Coverage Can Vary Depending on Your Jurisdiction https://bit.ly/4475uyO #cyber #cybersecurity #insurancecoverage

Industry professionals must make the effort to stay on top of cyber, according to the opening expert speaker at the upcoming Insurance News half-day seminar. Brought to you by our event sponsors Wotton + Kearney and Coalition, Inc. #InsuranceNews #TheBroker #CyberSecurity #InsuranceSeminar

A major insurance software company has revealed that nearly a million customers are at risk following a ransomware attack. This incident highlights the growing challenges organizations face in safeguarding sensitive customer data. The company is working closely with cybersecurity experts to address the breach and minimize the impact. As ransomware threats continue to rise, businesses must prioritize enhanced security measures to protect their customers. https://lnkd.in/gc2qKYRK #CyberSecurity #Ransomware #DataBreach #CustomerProtection #CyberThreats #InsuranceTech #DataSecurity #RiskManagement #TechSafety #ITSecurity #UnderstandingEnterpriseTech #EnterpriseTechnologyNow #EnterpriseTechnologyToday

Important reading below on cyber insurance! Worth the time. #cyberinsurance #yourfirstcall