While some experts say the cyber insurance industry is still in its early days, cyber attacks have become more frequent and severe, leading insurers to worry about keeping pace. Resilience CEO Vishaal ‘V8’ Hariprasad sat down with Elizabeth Blosfield of Insurance Journal to discuss how insureds are addressing their cyber hygiene, learning from previous losses and how to advise clients on ways to improve their cyber posture.
“The interesting part of cyber risk is that it’s manmade, right?” Hariprasad says. “And the attackers are very intelligent, using profit-driven motives. It’s always evolving. They’re always iterating.”
Listen to EP. 13: The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe, here.
Resilience provides comprehensive insurance coverage and patented cybersecurity tools to protect mid-market companies. By bringing together security, insurance, and recovery, Resilience goes beyond risk transfer to help clients become cyber resilient. Resilience Insurance, the cyber program manager of Intact Insurance Specialty Solutions – rated A+ by A.M. Best – leverages Cyber Meteorology, a proprietary data-driven risk analytics platform, to provide highly targeted coverage and allowing for a superior claims experience. Resilience is backed by Lightspeed Venture Partners, Founders Fund, CRV, Intact Ventures, UL Ventures, and John Thompson, Chairman of Microsoft. For more information, visit www.resilienceinsurance.com and follow us on Twitter and LinkedIn.