Cybersecurity insurance policies protect organizations from losses due to security incidents. But, due to their complexity, executive leaders must be part of the process to receive the expected benefits from cybersecurity insurance. Here’s a guide to cybersecurity insurance for executive leaders from Gartner to provide analysis and recommendations. And you can get the guide FREE, courtesy of HaystackID!
Cybersecurity insurance is risk transference. It represents a purely reactive incident response activity and does not negate the need for investment in prevention and recovery, but it can be an important part of a comprehensive cybersecurity program. Executive leaders must be included and aware of discussions with cybersecurity insurance providers. Gartner’s report titled An Executive Leader’s Guide to Cybersecurity Insurance provides executive leaders with information and insight that may help in consideration of cybersecurity coverage to include expectations and example exclusions.
Among other things, the practical guide to cybersecurity insurance can show you:
- The importance of reviewing and understanding exclusion clauses by taking an example-based approach to questioning insurers.
- Approaches to determine the impact of using insurer-provided recovery services by having a complete understanding of engagement contracts.
- The need to align risk transference with business expectations by purchasing additional insurance products to meet business requirements.
The report is available for download for FREE here, courtesy of eDiscovery Today Educational Partner HaystackID! Thanks to the HaystackID team for making this valuable resource available to the legal community for free!
So, what do you think? Does your organization need a guide to cybersecurity insurance for your executive team? If so, check out the report from Gartner! And, as always, please share any comments you might have or if you’d like to know more about a particular topic.
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Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by my employer, my partners or my clients. eDiscovery Today is made available solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Today should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.
