17 min
“Best Practices: How to Protect Your Business Against Bad Actors & Cyber Threat” Chattinn Cyber
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- Business
Tech-related business insurance is evolving fast and Anthony Dolce, our guest on this episode of Chattinn Cyber, is a thought leader at the forefront. As head of Professional Liability & Cyber Underwriting at The Hartford, he brings 25 years of industry expertise to the myriad issues shaping policy development and recommended coverages for businesses – whether tech giants or third-party users of technology. Anthony explains the differences between Cyber and Tech Errors & Omissions (E&O) policies – as well as who needs which and in what combination. He also highlights for Host March Schein, National Co-Chair of the Cyber Center for Excellence, the confluence of factors that make tech companies such attractive targets for threat actors. You’ll learn about the most common – and damaging – cyber liabilities out there; things like network attacks, ransom ware assaults, data breaches, business interruption, data restoration costs and third-party vulnerabilities. And don’t miss our guest’s comprehensive list of best practices to control risk for companies of all kinds, whatever their core business. “Nothing’s a silver bullet, but you can help mitigate potential exposure,” says Anthony, whose Connecticut-based career began in claims before migrating to underwriting. Find out what differentiates The Hartford’s Tech E&O and Cyber insurance solutions and how their team of experts guarantee insureds the best possible outcomes when privacy breaches, data hacks or other negative events occur. (Hint: specialized expertise and preparedness are key!)
Key Takeaways:
Why taking a leap and moving to the business side at The Hartford was one of those pivotal choices that changed the course of Anthony’s career – and all too the good!
From claims to underwriting: How Anthony made the jump and why it has shifted his focus.
About the collaborative, social elements that define much of the underwriter’s process and goals.
What’s a Cyber Policy? If you’re doing business of any kind on the internet, then you probably need some form of coverage.
What’s a Tech E&O Policy? If you providing a tech service of some kind, then you probably need some form of coverage.
At the intersection: A look at insurance policies that simultaneously cover exposures in the realms of both Cyber and Tech C&E exposure.
About the evolution of Tech E&O + Cyber and coverages required in an internet economy full of data transmittal, management and risk exposures.
Why large technology companies are such high-value targets for threat actors eager to double-dip by accessing downstream secondary client information.
How The Hartford differentiates itself as an established carrier with a wide array of solutions for any business eventuality:
Stand-alone Tech E&O coverage.
Tech E&O coverage + cyber coverage.
A wide variety of mix-and-match options.
Specialized tech expertise to ensure optimal insurance outcomes.
About potential cyber liabilities unique to technology firms:
Network cyber-attacks.
Ransom ware attacks.
Data breaches (and related extortion).
Business interruption.
Data restoration costs.
Professional/product exposure due to third-party contractual, regulatory or subrogation issues.
Supply chain and systemic risk: A closer look at the variety of vulnerabilities passed down to companies impacted by global industry events.
Recommended best practices to note:
Perform regular software composition analyses.
Deploy tools to track vulnerabilities.
Undertake regular code reviews, including both static and dynamic scans.
Implement regular in-house or third-party security and resiliency testing.
Develop a solid IRP (Incident Response Plan).
Tech-related business insurance is evolving fast and Anthony Dolce, our guest on this episode of Chattinn Cyber, is a thought leader at the forefront. As head of Professional Liability & Cyber Underwriting at The Hartford, he brings 25 years of industry expertise to the myriad issues shaping policy development and recommended coverages for businesses – whether tech giants or third-party users of technology. Anthony explains the differences between Cyber and Tech Errors & Omissions (E&O) policies – as well as who needs which and in what combination. He also highlights for Host March Schein, National Co-Chair of the Cyber Center for Excellence, the confluence of factors that make tech companies such attractive targets for threat actors. You’ll learn about the most common – and damaging – cyber liabilities out there; things like network attacks, ransom ware assaults, data breaches, business interruption, data restoration costs and third-party vulnerabilities. And don’t miss our guest’s comprehensive list of best practices to control risk for companies of all kinds, whatever their core business. “Nothing’s a silver bullet, but you can help mitigate potential exposure,” says Anthony, whose Connecticut-based career began in claims before migrating to underwriting. Find out what differentiates The Hartford’s Tech E&O and Cyber insurance solutions and how their team of experts guarantee insureds the best possible outcomes when privacy breaches, data hacks or other negative events occur. (Hint: specialized expertise and preparedness are key!)
Key Takeaways:
Why taking a leap and moving to the business side at The Hartford was one of those pivotal choices that changed the course of Anthony’s career – and all too the good!
From claims to underwriting: How Anthony made the jump and why it has shifted his focus.
About the collaborative, social elements that define much of the underwriter’s process and goals.
What’s a Cyber Policy? If you’re doing business of any kind on the internet, then you probably need some form of coverage.
What’s a Tech E&O Policy? If you providing a tech service of some kind, then you probably need some form of coverage.
At the intersection: A look at insurance policies that simultaneously cover exposures in the realms of both Cyber and Tech C&E exposure.
About the evolution of Tech E&O + Cyber and coverages required in an internet economy full of data transmittal, management and risk exposures.
Why large technology companies are such high-value targets for threat actors eager to double-dip by accessing downstream secondary client information.
How The Hartford differentiates itself as an established carrier with a wide array of solutions for any business eventuality:
Stand-alone Tech E&O coverage.
Tech E&O coverage + cyber coverage.
A wide variety of mix-and-match options.
Specialized tech expertise to ensure optimal insurance outcomes.
About potential cyber liabilities unique to technology firms:
Network cyber-attacks.
Ransom ware attacks.
Data breaches (and related extortion).
Business interruption.
Data restoration costs.
Professional/product exposure due to third-party contractual, regulatory or subrogation issues.
Supply chain and systemic risk: A closer look at the variety of vulnerabilities passed down to companies impacted by global industry events.
Recommended best practices to note:
Perform regular software composition analyses.
Deploy tools to track vulnerabilities.
Undertake regular code reviews, including both static and dynamic scans.
Implement regular in-house or third-party security and resiliency testing.
Develop a solid IRP (Incident Response Plan).
17 min