Cyber-resilience Enterprises: Insuring a Virtual Reality
Dbriefs webcast recap and poll responses
Cyber-insurance is a key cyber-defense employed by many businesses to help assure stakeholders that the company is addressing certain compliance risks. What are important considerations when you purchase such insurance?
During the Transactions and Business Events Dbriefs, "Cyber-resilience Enterprises: Insuring a Virtual Reality," held on June 19, 2014, David Williams, chief executive officer of Deloitte Financial Advisory Services LLP was joined by Matthew Larson, principal, Deloitte Transactions and Business Analytics LLP, and Mark Massey, principal, Deloitte Financial Advisory Services LLP. The presenters discussed:
- Considerations for linking cyber threats back to insurance coverage and understanding the nature of likely financial losses.
- Strategies for quantifying potential financial exposures and probable losses based on recent data breach experiences.
- Cyber Incident Response – what to look for in this table stakes coverage and Cyber Incident Response's importance as part of an enterprise's cyber resiliency.
Watch the Dbriefs webcast replay to learn about the role of cyber-insurance in addressing cyber-risk and how to become a more cyber-resilient organization.
Attendees of the live webcast on June 19 responded to the following poll questions.
Has your company conducted a cyber risk assessment?
Who is most responsible for managing the response to a data breach or cyber security incidents in your organization?
Does your company have a stand-alone cyber insurance policy?
Does your company have an incident response plan that specifically addresses cyber risks?
Which framework has your company relied most significantly upon in developing processes for assessing and managing cyber incidents?
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