In this episode, Martin Hinton speaks with Ryan Mimmo, head of underwriting at Converge Insurance, about the evolving landscape of cyber insurance. They discuss the challenges of underwriting in a rapidly changing environment, the importance of cybersecurity education for businesses, and the need for comprehensive coverage. The conversation also touches on the role of government in regulating cyber insurance and the significance of continuous training to mitigate risks. A case study on the CDK breach highlights the far-reaching impacts of cyber attacks on industries.
00:00 - Introduction to Cyber Insurance and Converge
03:04 - The Evolving Cybersecurity Landscape
04:34 - Challenges in Cyber Insurance Underwriting
06:45 - Guidance for Small and Medium-Sized Businesses
09:15 - The Importance of Cybersecurity Education
13:22 - Emerging Trends in Personal Cyber Insurance
17:11 - Key Considerations for Cyber Insurance Policies
23:01 - The Role of Underwriters in Cyber Insurance
27:49 - The Need for Greater Cybersecurity Awareness
29:59 - Case Study: The CDK Breach and Its Impact
33:55 - Closing thoughts
