$4.35MM: average cost of a data breach in 2022
It’s smart to know the coverage amounts of cybersecurity insurance policies for your organization, suppliers, and partners. It’s arguably more important to focus your infosec team’s attention on those policies’ limitations – or stipulations – to better protect your organization. Did you know cybersecurity insurance policies do not cover losses incurred from a breach because of poor security practices or unreported failures? Insurance is not a substitute for poor practices.
In this session, we’ll review how to better manage cybersecurity insurance data, including measuring your levels of risk from non-compliant controls or potential third-party exposure.
- How to identify missing coverage in your cybersecurity insurance policies
- Processes for reporting compliance practices to avoid non-coverage issues
- Tracking and analyzing risk from third-party cybersecurity insurance gaps