The Coverage and Support Provided by Cyber Insurance

In this podcast episode, Gediminas Dauksa and Anita Molitor discuss the recent ransomware attack on a global logistics company and the industry's increasing vulnerability to cyber attacks. They highlight the importance of cyber insurance in mitigating the financial and operational risks associated with such attacks. The conversation also discusses the need for improved cyber hygiene and compliance with regulations like NIS2. Anita Molitor emphasizes the role of cyber insurance in providing financial support and crisis management during a cyber attack.

Takeaways

• The logistics industry is increasingly vulnerable to cyber attacks, and cyber insurance can provide financial support and crisis management during such attacks.
• Companies in the logistics industry need to prioritize cyber hygiene and compliance with regulations like NIS2 to mitigate the risk of cyber attacks.
• Cyber insurance can help companies assess their cyber security measures and provide recommendations for improvement.
• Cyber insurance provides access to a network of professionals for forensic analysis, PR, and legal support.
• Cyber security is no longer just an IT issue; it is a management issue that requires the involvement and budget allocation of top-level executives.

Chapters

• 0:00 Introduction and Overview of the Ransomware Attack
• 2:20 The Increasing Vulnerability of the Logistics Industry to Cyber Attacks
• 6:33 Assessing Cyber Security Measures and Improving Cyber Hygiene
• 8:35 The Coverage and Support Provided by Cyber Insurance
• 11:14 The Importance of Cyber Hygiene and Compliance with NIS2