Ep. 15: Cyber – Risk and the Insurance Industry

by Spot On Insurance | Sep 19, 2017

Robert Sargent is the Founder and President of Tennant Risk Services, a national wholesale insurance broker and underwriting manager that focuses on professional liability as well as specialty insurance coverages for all forms of businesses. He is also a past president of the National Association of Professional Surplus Lines Organizations (NAPSLO), and the author of the Specialty Insurance blog.

Robert joins me to discuss what a cyber risk is, how it can damage you and your business, and explain how to equip our companies with the right kind of protection against cyber-attacks.

“Exposures have evolved beyond just a data breach.” –Robert Sargent

What you'll learn:

What is cyber risk insurance?
Why is cyber risk insurance important?
What kind of changes are we seeing in cyber-attacks?
How does Robert Sargent define cybercrime?
Real world examples of cybercrime
What is ransomware and why is it trending?
What kind of coverage is needed for cyber risk?
The difference between data breach coverage and cyber risk insurance.
How do you get cyber risk insurance?

Connect with Robert

Website: www.tennant.com/insurance

Key Takeaways:

Ransomware is the fastest growing form of cyber-attack. Not only can it hold your data, but also your business for ransom.
You need a comprehensive policy to protect yourself from cyber risk.