Cyber Insurance Past, Present, and Future

Dr. Josephine Wolff, associate professor of cybersecurity policy within The Fletcher School at Tufts University, joins Afternoon Cyber Tea this week to discuss the history, challenges, and opportunities in cyber insurance. What was first developed in the late 1990s as protection against computer viruses, cyber insurance has evolved into an incredibly complex and, in some cases, tension-filled industry. Ann and Dr. Wolff discuss the cyber insurance industry’s initial goals, the differences in cyber insurance policies, and the points of view on ransomware insurance directly funding cybercrime.  

In This Episode You Will Learn:     

• What types of risks do insurers cover, and how they are designing and charging for policies  
• How can we help policymakers get ahead of the curve and drive change in security 
• Why we need greater cooperation and data sharing when it comes to threat intelligence 

Some Questions We Ask:    

• What were the initial motivations behind cyber insurance providers?  
• What is some practical advice you would give to insurers looking to better support their customers? 
• Are cyber insurers positively motivating businesses and leaders for the better? 

Resources:   

Dr. Wolff's new book, Cyberinsurance Policy is available now.  

View Dr. Wolff on LinkedIn 

View Ann Johnson on LinkedIn 

Related Microsoft Podcasts:                 

Listen to: Uncovering Hidden Risks  

Listen to: Security Unlocked   

Listen to: Security Unlocked: CISO Series with Bret Arsenault          

Discover and follow other Microsoft podcasts at microsoft.com/podcasts

Afternoon Cyber Tea with Ann Johnson is produced by Microsoft and distributed as part of The CyberWire Network.