Business Security Weekly (Audio) CISO Cyber Insurance Empowerment - Morey Haber, Peter Hedberg, Stephan Jou - BSW #400
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Jun 18, 2025 Join Peter Hedberg, a senior underwriter at Corvus, Maury Haber, Chief Security Advisor at BeyondTrust, and Stephan Jou, Senior Director of Security Analytics at OpenText, as they dive into the complexities of cyber insurance and CISO empowerment. They discuss the record-breaking vulnerabilities in Microsoft's software and how organizations can address these risks. The conversation also highlights the evolving role of CISOs in integrating cybersecurity with corporate governance and the necessity for collaboration with underwriters to manage emerging threats effectively.
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CISO Involvement Boosts Insurance Outcomes
- CISOs who actively engage in the insurance application process and provide detailed, nuanced answers are generally more empowered within their organizations.
- This involvement signals a mature security culture that positively impacts underwriting decisions by insurers.
Ransomware Changes Security Culture
- Companies hit by ransomware often shift their view of the CISO from a cost center to a crucial protector of the company's existence.
- This realization leads to more sober and realistic security postures that insurers find favorable.
Leverage Scans to Set Premiums
- Use external scans during underwriting to assess real security controls and adjust premiums accordingly.
- Reward good security practices with better rates, and decline business that fails to improve after incidents.