On March 28, the National Cybersecurity Institute (NCI) hosted a webinar on Cyber Liability Insurance.
According to the Identity Theft Resource Center, there were 781 data breaches reported in 2015 alone, compromising nearly 170 million private records. As these numbers continue to skyrocket, the prevailing question has become not if you will experience a data breach but when. Developing a strategy in this rapidly changing environment presents significant challenges. Correspondingly in the last year there has been a surge of cyber liability insurance adoption, and with it an influx of new questions.
This webinar explored the role cyber liability Insurance plays in risk management strategy including discussion of questions like: Do we need cyber insurance? How does it fit into our risk strategy? What is the right coverage, and how do we prepare for a cyber-intrusion or data breach incident?
The webinar was presented by Steve Lobel. As an entrepreneur, Steve Lobel spent his formative years starting and growing several business ventures. For the last 18 years he has been Vice President at Anchor Agency, Inc., a full service independent insurance agency in Albany, NY. Since the early days of the internet, Steve has specialized in insurance products and services that address the complex and rapidly changing risks associated with E-commerce and Information Technology. He has developed a holistic suite of services designed to enable both start-up and mature businesses to manage risk and function effectively in the electronic age. His specialties include: Cyber Liability, Errors & Omissions, Professional Liability, Alternative Energy, and other niche markets. He has attained the professional designation CIC (Certified Insurance Counselor).