Cyber Insurance for IT Professionals

Cyber Insurance for IT Professionals

1h 4mBeginner2023-07-05

Authors

Kip Boyle

Kip Boyle

Founder and CEO of Cyber Risk Opportunities

Course details

If you’re an IT professional, you may be wondering why cyber insurance has emerged as such an important topic in your field. Due to the increasing number of recent, extremely costly attacks, cyber insurance is now an essential component of an effective risk management strategy. But how do you develop a strategy that works for you when cyber insurance has become so difficult and expensive to get.

In this course, instructor Kip Boyle provides an overview of the benefits and challenges involved in obtaining cyber insurance, offering tools and tips along the way to help you navigate the hurdles of the cyber insurance application process. Learn more about why cyber insurance can be so difficult to procure, and why qualifying for a good rate and policy depends on your organization’s IT controls. Kip shares insights in a live demonstration that shows you how to complete your own application, with advice and tricks you can use to boost your odds of being approved.

Skills covered

Help Desk SkillsIT Help DeskOne-Off

Concepts

Introduction

  • Why IT pros need to know cyber insurance

Cyber Insurance Is Maturing

  • Understanding the impact of cyber risk
  • Insurance and your cyber risk management program
  • Insurance lawsuits over cyber coverage

Why Cyber Insurance Can Be Difficult to Get

  • Reason 1 - Cyber is a dynamic risk
  • Reason 2 - More restrictions on your computers
  • Reason 3 - Cyber insurance is immature
  • Reason 4 - More buyers than sellers right now

How to Get Cyber Insurance

  • Qualifying is getting tougher every year
  • Core IT controls required for everyone
  • Additional IT controls for big organizations
  • Completing the insurance application
  • Live review of completed insurance application
  • Responding to external vulnerability scan reports

Special Topics

  • Insurance industry as a cybersecurity leader
  • How can we self-insure for cyber
  • Future of cyber insurance

Conclusion

  • Next steps
40,000 Toman