Disruptive Insuretech: Revolutionizing the Cyber-Insurance Industry

3rd day RSAC 2023 , I'd like to highlight the trend of Insuretech's covering #cyberrisks.

#insuretech is revolutionizing the #cybersecurity-insurance industry by offering innovative and personalized insurance products and services, making insurance more accessible, and changing the way insurers assess risk. Insuretech is disrupting the traditional cyber-insurance business model and paving the way for a more customer-centric and efficient industry. As technology continues to evolve, we can expect to see even more disruptive innovations from the insuretech sector in the years to come.

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Key takeaways out of the sessions:

?? Cyber insurance is a key piece to a sound cyber defense and a great driver to continue hardening cyber posture with advanced cybersecurity tools

?? Enterprise perimeters have changed, and threat actors are now more sophisticated and specialized which means we need to get more creative with our tools, in other words:

• Leveraging new "sensors" and data to pre-emptively manage posture and risk
• Offensive cyber tools to meet the threat actors where they are and stop them in their tracks
• Single pane of glass on all digital assets and tools that could translate to dynamic risk pricing

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This will require greater collaboration between cybersecurity and cyber insurance professionals to create effective solutions that meet the needs of modern organizations. Together we are stronger, we can build a safer and more resilient cyber ecosystem for the next generation.

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Just to remind you, back in September last year, I pointed out the loss-making business of cyber insurance companies: https://www.dhirubhai.net/posts/daniel-w%C3%BCrsch-1a22a5225_trotz-wachsendem-markt-cyberversicherungen-activity-6973928154394460161-tOxs/?utm_source=share&utm_medium=member_desktop

Well at that stage it was no suprise at all. The continued rise in #cyberattacks and the high costs associated with them were not good business. As a consequence, there were numerous requirements that had to be met in order to be able to take out cyber insurance at all. In addition, insurance fees have increased tremendously.

In my opinion that could be a great opportunity for Swisscom as well!

#security, #swisscom, #techtrends, #CISO, #CIO, #CEO