In this discussion, we shed light on how insurance companies manage risks when insuring multiple businesses for the same potential threats. We explore the statistical balancing act they perform to ensure they can handle a few isolated issues without facing a widespread crisis. Dive into the intriguing world of insurance practices in the face of rising threats like ransomware attacks. Discover the unsettling dynamics where some ransomware groups tailor their demands based on your insurance coverage. It's a revealing look at the intricate strategies within the insurance industry.

Watch the full episode: "Cyber Insurance - Does it Create More Problems than it Solves?" https://youtu.be/aH0uz-Rg3SA

GUEST BIOS

🔒 Iain Pye is a Cybersecurity, Data Protection and Risk Specialist with over 20 years of experience in the public and private sectors. Iain has worked in a range of industries from finance, legal, security and government. When Iain is not fighting fires or arguing personal data ethics, Iain likes exploring the world with his family and occasionally going for a run through the Fens with the dog. If the dog is up for it, which she is usually not.

🔒 Chris Dawson is a former Royal Marine of 11 years. He moved into the private security sector in 2012 taking up various roles across the globe, from hostile environments to the corporate world, advising and implementing security protocols in multiple sectors while gathering and learning as much as possible along the way.

Other episodes you'll enjoy

Navigating the Turbulent Waters of Cybersecurity: Nationalism, Economics And AI
https://www.razorthorn.com/navigating-the-turbulent-waters-of-cybersecurity-nationalism-economics-and-ai/

Cybersecurity and Critical Infrastructure: Are We Prepared for the Worst?
https://www.razorthorn.com/critical-infrastructure/

With new episodes every other Wednesday, Razorwire is a podcast for cybersecurity enthusiasts and professionals providing insights, news and fresh ideas on protecting your organisation from hackers.

For more information about us or if you have any questions you would like us to discuss email podcast@razorthorn.com.

If you need consultation, visit www.razorthorn.com, We give our clients a personalised, integrated approach to information security, driven by our belief in quality and discretion.

Linkedin: Razorthorn Security
Youtube: Razorthorn Security
Twitter: @RazorThornLTD
Website: www.razorthorn.com

#ransomware
#cybersecurity
#insurance