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12 June 2024 Risk Management

Spotlight on cyber insight podcasts: saving your business in a cyber crisis

Our focus on cyber insurance ends with a peek at some podcasts by cybersecurity company Asceris.

Led by Asceris CEO, co-founder and cyber enthusiast Anthony Hess, each podcast interviews a leader in their field about the challenges of navigating the cyber landscape.

Intelligent Insurer has picked out some recordings to give you a taste of the expert content you can listen to on the Asceris website. 

Incident response expertise

Cyber incidents—and our response to them—may first seem like a maze without an exit, reads the podcast description, but with the right tools, you can find order in the chaos and get back to where you need to be.

Stu Panensky, founding partner at Pierson Ferdinand, dived into the dynamics of cyber incident response drawing on his experience with cyber claims and mastering the intricacies of ransomware negotiations.

His interview, the 42nd podcast in the Asceris series, is titled “Hacked: how law, communication & technology can save your business during a crisis”. In it Panensky talks at length about the role of insurtech and the art of communications and negotiations in ransonware incidents.

“The best ransomware negotiators are the ones who have a good understanding of the criminal enterprise of the ransomware ecosystem,” says Panensky.

“In other words, they understand the methods involved in different technologies and the different threat actor groups that work on these technologies.”

Coming from a legal perspective, Panensky explains how to tailor legal approaches for different industry sectors, manage digital supply chain complexities and maximise client-solicitor privilege.

Bolstering cyber defence

In podcast episode 41 Edwin Covert, head of cyber risk engineering at Bowhead Specialty Underwriters, spoke to Hess about the current risks in cyber and insurance, and how cybersecurity is evolving.

“It’s less about the prevention of some bad thing happening to whatever you care about and more on the spectrum that says, ‘yes, you want to prevent bad things but bad things are going to happen’,” Covert explains. 

“You can’t stop everything so how do you respond? How resilient are you and can you recover?”

Titled “Detect, protect, respond, recover: the interplay between cybersecurity and insurance”, Covert addresses the changing role of CISOs and its impact, explains how cyber insurance is adapting to new challenges and covers talent acquisition too.

To listen to these or any other of the Asceris podcasts, click on Asceris.com/cyber-leaders and scroll down.

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