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Insurance Firm Introduces Liability Coverage for CISOs

Security Boulevard

National insurance firm Crum and Forster is offering a professional liability program for CISOs who are facing growing regulatory pressures and sophisticate cyberattacks but often are not covered by their organizations' D&O policies.

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LW ROUNDTABLE: Wrist slap or cultural shift? SEC fines cyber firms for disclosure violations

The Last Watchdog

Responses edited for clarity and length: Ambuj Kumar , CEO, Simbian Kumar While the SEC has fined the corporations, CISOs are worried that they may be held individually responsible and feel targeted by both attackers and now law enforcement. Some have moved away from the CISO role. Simply put, there would be nothing to hide.

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Is it Time to Update Your Cyber Insurance Strategy?

Security Boulevard

In 2021, rethinking your cyber insurance strategy should be a top priority for CISOs and executive leadership. The elevated risk landscape is driving growing demand for cyber insurance: Nearly four out of five organizations. The post Is it Time to Update Your Cyber Insurance Strategy?

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GUEST ESSAY: Could CISOs be on the verge of disproving the ‘security-as-a-cost-center’ fallacy?

The Last Watchdog

So how will this affect chief information security officers (CISOs) and security programs? Given the perennial skills and staffing shortage in security, it’s unlikely that CISOs will be asked to make deep budget or staffing cuts, yet they may not come out of this period unscathed. Related: Attack surface management takes center stage.

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Cyber Insurance and the Attribution Conundrum

Cisco Security

Lloyds of London have recently published a Market Bulletin 1 addressing the wording of cyber insurance policies to exclude losses arising from: “ state backed cyber-attacks that (a) significantly impair the ability of a state to function or (b) that significantly impair the security capabilities of a state. ”. What Is Attribution?

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Best Practices Q&A: Guidance about what directors need to hear from CISOs — from a board member

The Last Watchdog

CISOs can sometimes be their own worst enemy, especially when it comes to communicating with the board of directors. Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. LW: Why do so many CISOs still not get it that FUD and doom-and-gloom don’t work?

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Nine Top of Mind Issues for CISOs Going Into 2023

Cisco Security

In my role, I regularly engage with CISOs in all kinds of sectors, representatives at industry bodies, and experts at analyst houses. This gives me an invaluable macroview not only of how the last 12 months have affected organizations and what CISOs are thinking about, but also how the upcoming year is shaping up.

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