Cybersecurity Insurance: Has Its Time Come?Lynn Peachey of Arete Incident Response Discusses Policy Details
As the cyberthreat landscape grows exponentially more complicated, the insurance industry is trying to keep pace. Yet, many organizations still lack cybersecurity insurance. Lynn Peachey, director of business development at Arete Incident Response, breaks down the basics of these insurance policies.
"Cybersecurity insurance is an insurance policy that’s designed to indemnify, and in some cases defend, an insured organization against risks associated with maintaining digital environments, networks, assets and data," she explains.
In this episode of "Cybersecurity Unplugged," Peachey discusses:
- What cybersecurity insurance covers;
- What would have happened if ransomware victim Colonial Pipeline had cyber insurance;
- Risks, rates and trends in the insurance industry.
Peachey serves as the director of business development at Arete Incident Response. She holds adjuster licenses in New York, California, Texas and Florida.