Tag: cyber insurance

Don’t get your wires crossed – The evolution of cyber risk and why more companies are considering captives

nielharper

A captive is a licensed insurance company fully owned and controlled by the insured parties – a type of “self-insurance.”

Captives are essentially an alternative for organizations to retain and finance cyber risk via actuarial-determined premiums to be paid from the parent company to the captive. They’re becoming more popular due to an increasingly tough cyber insurance market.

Many thanks to Captive Insurance Times and to the amazing Rebecca Delaney for featuring me alongside other industry professionals on discussing this important topic.

The feature can be found on pages 18-22, and is now available to read in the latest online issue at this link: https://bit.ly/3KMnX8j

Ransomware has “changed the game” of cyber insurance

nielharper

I recently made a presentation on ransomware and cyber insurance at the Barbados Risk and Insurance Management (BRIM) conference.

Many thanks to the Captive Insurance Times’ reporter Rebecca Delaney for so excellently capturing my session. In the intro section, she wrote:

“Cyber insurance is not an exhaustive replacement for robust security capabilities, warns Niel Harper […] He explained that ransomware is so disruptive because of the extensive network of paid services it has spawned, such as access brokers, malware packing, phishing kits, hosting and infrastructure, anonymity and encryption, and hardware for sale… In addition, distribution networks include social network spam, instant messaging spam, exploit kit development, spam email distribution, and traffic distribution systems.”

The full article can be found at: https://bit.ly/3MMs71t

Ransomware: To Pay or Not to Pay? And… How Not to Pay!

nielharper

I very much enjoyed this amazing panel discussion with the brilliant Larry Whiteside Jr. and the thoughtful and engaging Andrew Hay. I also have to mention the excellent moderation by James Coker.

We discussed a range of topics from ransomware trends to cyber insurance to holistic incident response/disaster recovery to public-private partnerships in support of better overall industry response to ransomware attacks.

I hope the audience participants had as great a time as I did.

Finally, I want to extend my humblest thanks to Infosecurity Magazine for inviting me to speak at their Online Summit!

The on-demand video of the session can be found here. Check it out!

Expert Insights on Cyber Threats and Security

nielharper

It is only a matter of time before an organisation experiences some kind of cyber incident.

In this podcast conversation with ICT Pulse, I discussed, among other things, how the threat landscape is changing, what should be included in a good Cybersecurity Incident Response Plan, whether cyber insurance is a good idea, and what is the top cybersecurity concern businesses face today.

Check it out here!