[Podcast] The Link: Cyber Insurance and Incident Response
Tuesday, May 19, 2020
In this episode, we are speaking to Shawn Tuma, cybersecurity and data privacy attorney with Spencer Fane LLP. He says the two key elements of cyber resilience are an incident response plan and cyber insurance. But do you know what your cyber insurance policy covers? Tuma says cyber insurance policies can lead to unpleasant surprises during an incident if you do not understand your policy.
@ 14:30 Tuma says: "You're just tuned up and ready to go on a moment's notice. You get alerted you have an incident. And while you're not exactly excited about that, you're glad that you have this incident response plan in place. You activate your plan, you begin execution. Only then do you discover that not only does your company have cyber insurance, but that insurance policy specifically dictates what vendor or professional service firms you can use. And none of those approved vendors are the ones that you included on your external Incident Response Team. Okay, that's a problem."
Also, Trend Micro uncovers new types of industrial Internet of Things (IIoT) cyberattacks in some fresh research. See the link below.
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