What Boards Need to Know About Cyber Risk Insurance

Episode Summary

Cyber risk insurance is becoming an increasingly important aspect of a company’s cybersecurity posture. Just as an incident response plan can mitigate the potential negative effects on company reputation and customer relationships, cyber risk insurance can offer financial protection for a vast range of hard costs that today’s companies may incur in the event of a cyber breach.

In this episode, Christian Hoffman, President of Aon’s U.S. Cyber Solutions Retail sector, explains what a cyber risk insurance policy typically covers–and how that coverage has evolved in just a short period of time. In this episode:

  • What questions should boards be asking management about cyber risk insurance?
  • What constitutes an effective policy?
  • Which organizational factors have the greatest impact on costs and types of coverage?

Interactive Module on Cyber Risk Oversight

Board Oversight Series on cyber risk

This interactive series offers a 360-degree view of cyber risk oversight in today’s boardrooms. How are other boards structuring oversight? Should boards be recruiting cyber experts? We address these questions and many more!

Check it out