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#9: Cyber Liability Insurance - Navigating the Threats of a Digital Age with Joseph Brunsman
08/30/2023
#9: Cyber Liability Insurance - Navigating the Threats of a Digital Age with Joseph Brunsman
In this eye-opening episode, we sit down with Joseph Brunsman, a leading authority on cyber insurance and cybersecurity law in the United States. As a former IT specialist with a bachelor's in Robotics from the United States Naval Academy and a Master's in Cybersecurity Law from the Carey School of Law, Joseph brings a wealth of knowledge to the table. As the best-selling author on cyber insurance and the founder of the Brunsman Advisory Group, he specializes in E&O and Cyber Insurance for businesses large and small. In our conversation, Joseph candidly sheds light on the intricacies of the cyber liability insurance market and illustrates why it is a necessary, but not all-encompassing, solution for modern businesses. He emphasizes the importance of strong security measures and compliance, not just purchasing a policy. Through relatable analogies, he makes the complex world of cyber insurance more understandable, comparing it to maintaining one's health instead of relying solely on health insurance. Joseph shares harrowing stories from real-life cyber events—stories that detail business owners in crises, facing encrypted files, stolen client lists, and potential bankruptcy. He underlines the fact that an insurance policy alone cannot save a poorly secured business from catastrophe. His emphasis on proactive security measures, such as immutable backups and strong password policies, is clear and compelling. In a world where cybersecurity threats are ever-evolving, Joseph’s deep dive into the legal landscape surrounding cyber events is particularly enlightening. He discusses the conflicting and often ambiguous laws that can impact a business after a breach, painting a vivid picture of the legal quagmire that awaits unprepared businesses. Join us as Joseph generously shares his expert insights, offering advice that is not only strategic but empathetic, and designed to equip business owners with the tools they need to protect their livelihoods. Whether you are a solo entrepreneur, a growing small business, or a well-established organization, this episode is a must-listen for anyone interested in safeguarding their business in our digital age.
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