Podcast
Questions and Answers
What is the primary purpose of cyber insurance?
What is the primary purpose of cyber insurance?
- To cover losses resulting from cyber attacks (correct)
- To improve IT system security
- To comply with regulatory requirements
- To transfer low risks to a third party
What type of loss is covered under cyber insurance?
What type of loss is covered under cyber insurance?
- Physical damage to IT systems
- Financial loss from direct cyber fraud
- Reputation damage due to cyber attacks
- All of the above (correct)
Why is cyber insurance becoming increasingly important?
Why is cyber insurance becoming increasingly important?
- Due to the increasing complexity of IT systems
- Due to the rising number of cyber attacks and breaches (correct)
- Due to the decreasing cost of cyber insurance
- Due to the increasing cost of IT systems
What is the main stage in the cyber insurance process?
What is the main stage in the cyber insurance process?
What is the role of a cyber insurer in the risk management process?
What is the role of a cyber insurer in the risk management process?
What is covered under 'First Party Losses' in cyber insurance?
What is covered under 'First Party Losses' in cyber insurance?
What is a major challenge in cyber insurance?
What is a major challenge in cyber insurance?
Why are some companies refusing cyber insurance?
Why are some companies refusing cyber insurance?
What is the median number of days an attacker is discovered on someone's network?
What is the median number of days an attacker is discovered on someone's network?
Why is cyber insurance growing slowly?
Why is cyber insurance growing slowly?
What proportion of a company's annual revenue is the cost of setting up cyber insurance for big companies?
What proportion of a company's annual revenue is the cost of setting up cyber insurance for big companies?
Why are attacks originated from foreign agents excluded in policies in cyber insurance?
Why are attacks originated from foreign agents excluded in policies in cyber insurance?
Match the following cyber insurance aspects with their descriptions:
Match the following cyber insurance aspects with their descriptions:
Match the following cyber attacks with their consequences:
Match the following cyber attacks with their consequences:
Match the following stages with their descriptions in the cyber insurance process:
Match the following stages with their descriptions in the cyber insurance process:
Match the following cyber insurance aspects with their descriptions:
Match the following cyber insurance aspects with their descriptions:
Match the following cyber insurance aspects with their descriptions:
Match the following cyber insurance aspects with their descriptions:
Match the following cyber insurance aspects with their descriptions:
Match the following cyber insurance aspects with their descriptions:
Match the following challenges with their descriptions in the context of cyber insurance:
Match the following challenges with their descriptions in the context of cyber insurance:
Match the following reasons with their explanations for why some companies are refusing cyber insurance:
Match the following reasons with their explanations for why some companies are refusing cyber insurance:
Match the following statistics with their descriptions in the context of cyber insurance:
Match the following statistics with their descriptions in the context of cyber insurance:
Match the following terms with their descriptions in the context of cyber insurance:
Match the following terms with their descriptions in the context of cyber insurance:
Match the following terms with their descriptions in the context of cyber insurance:
Match the following terms with their descriptions in the context of cyber insurance:
Match the following challenges with their impacts on cyber insurance:
Match the following challenges with their impacts on cyber insurance:
Cyber insurance is agreed upon these ______ stages:
Cyber insurance is agreed upon these ______ stages:
Cyber insurance covers the losses relating to ______ to, or loss of information from, IT systems and networks.
Cyber insurance covers the losses relating to ______ to, or loss of information from, IT systems and networks.
Low risks can be ______ to a 3rd party such as an insurer – Cyber insurance.
Low risks can be ______ to a 3rd party such as an insurer – Cyber insurance.
The main reason for existence of cyber insurance is ______ and the number of rising cyber attacks/breaches.
The main reason for existence of cyber insurance is ______ and the number of rising cyber attacks/breaches.
Cyber insurance covers ______ and software loss – data have been deleted or corrupted, cost in rebuilding this data.
Cyber insurance covers ______ and software loss – data have been deleted or corrupted, cost in rebuilding this data.
Cyber insurance covers Data Privacy and Security ______ Party Losses.
Cyber insurance covers Data Privacy and Security ______ Party Losses.
Not enough data on potential losses that can occur, value of implementing security ______, probability of threat sectors attacking, probability of security controls not addressing threat or specified loss.
Not enough data on potential losses that can occur, value of implementing security ______, probability of threat sectors attacking, probability of security controls not addressing threat or specified loss.
The median no. of days of an attacker being discovered on someone’s network is ______ days.
The median no. of days of an attacker being discovered on someone’s network is ______ days.
Cyber insurance is growing slowly because some companies are refusing cyber insurance and this is the ______ why.
Cyber insurance is growing slowly because some companies are refusing cyber insurance and this is the ______ why.
One attack on a system can lead to ______ to other systems since cyber attacks are interdependent.
One attack on a system can lead to ______ to other systems since cyber attacks are interdependent.
Attackers have access to powerful ______ weapons which is not easier to break into a system than before.
Attackers have access to powerful ______ weapons which is not easier to break into a system than before.
For big companies it doesn’t cost much to set up Cyber Insurance as its ______% of companies annual revenues.
For big companies it doesn’t cost much to set up Cyber Insurance as its ______% of companies annual revenues.
