As the volume and intensity of cyberattacks continue to escalate, so do the costs of response and mitigation. In fact, the financial impact of a single data breach now averages $3.92 million among US businesses. Effective cybersecurity and privacy programs should be based on a careful assessment of current specific risks. Once identified, businesses should prioritize the most significant threats and implement controls to contain costs and mitigate those risks. While these approaches can help defend your systems, networks, and data, no business is immune from cyber attack, employee error, and privacy mishaps. That’s why many organizations are augmenting a risk-based security program with cyber insurance. Increasingly, they understand that cyber insurance is a worthwhile investment that can help cover the costs of remediation, downtime, notification, regulatory fines, and legal defense.
This session will explore how the combination of risk-based cybersecurity safeguards and a well-designed cyber insurance policy can prepare an organization for the security risks and costs of the future.
CFO Live brings together finance executives from across the East Coast
2:05pm – 2:35pm
Principal, Cybersecurity and Privacy National Leader
JD, Managing Director, Privacy Advisory Group Co-Lead
A Big Thank You to All Our Sponsors and Media Partners
Convene 225 Liberty Street, 225 Liberty Street, New York, NY 10080
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