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Cyber Insurance Readiness and what else you should consider

Does your company meet the requirements for cybersecurity insurance? And are you on the safe side with it?

Topic

Cloud SecurityData protection / GDPRData security / DLP / Know-how protectionLegislation, standards, regulationsGovernance, Riskmanagement and Compliance

When & Where

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Tue, 05/17/2022, 11:30 - 11:45

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Details

  • Format:

    Management lecture

Session description

Cyberattacks caused damage to 86% of companies in 2021. The German economy suffers total damage of over 223 billion euros. Communication data, e.g., e-mails, top the list of stolen information; intellectual property, such as patents and information from research and development, is experiencing a considerable increase in data theft. (Source: Bitkom Wirtschaftsschutz 2021 (bitkom.org)) This data is forcing companies to reevaluate and upgrade their IT security. In this context, many companies are considering cyber security insurance, which will pay for the damage in the event of an emergency. But the serious increase in cyberattacks affects insurers as well, so they are tightening up their criteria. Cyber insurers are imposing increasingly stringent requirements on their policyholders in ...

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