Travis Wong, Resilience’s VP of Customer Engagement, and Tas Jalali, Head of Cybersecurity at AC Transit, discuss cyber insurance and business objectives.
by Nikhil Chawla
Much of operational security (SecOps) involves investing in, deploying, and managing controls and their aftermath. When those efforts tie to a bonafide security strategy we call them tactics. Apart from a strategy, SecOps efforts are at best compliance processes or at worst security theater. What makes a security strategy meaningful? A business objective. The objective we are proposing for the industry is: Making The Business Resilient To Material Losses. That objective drives goals, strategy and tactics. It’s how a companies executives, board, and security practitioners can create a business that is “Cyber Resilient By Design.”
Background: In the landscape of hardware manufacturing, digital infrastructure intertwines with physical operations, creating vulnerabilities to cyber threats. Relying on interconnected systems like ERP and production databases makes manufacturing companies susceptible to severe cyberattack disruptions.
New advances in technology are rarely accompanied by updated data privacy laws. The combination of the digital age and dated legislation leads to complex litigations following large-scale incidents that can lead to costly payouts.
Resilience, a leading cyber risk management firm, today announced its launch of Technology Errors & Omissions (E&O) coverage for U.S. organizations with $300M–$10B in revenue. With $10M in limits available for both primary and excess placements, the E&O addition to Resilience’s existing cyber insurance offering is poised to further help clients mitigate and cover liability arising from technology products […]
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