Insurance Coverage & Recovery
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Board of Directors
Supply Side: Making vendor risk assessment an organizational priority
MCC: What are the key considerations when establishing a vendor risk program? Licata: First you need to identify the company’s full population of vendors, including what they do and how the contracting process works: Is it handled centrally, or can each business unit contract on its own?...
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When It Comes to Cyberinsurance, Buyer Beware: 10 tips for upping recovery odds from cyber and D&O policies
While the risks posed by data breaches are by now widely recognized, effective management of the risk is lagging. Statistics indicate that concern about data breaches is up, yet half of all businesses have no plans to dedicate more resources to avert these perils.
The purchase of dedicated...
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Buying Cyberinsurance Helps Uncover System Weaknesses
MCC: Let's start big. What are the most pressing cybersecurity risks facing corporations today? Reed: The biggest risk in my view is the head-in-the-sand mentality of too many companies, wherein companies acknowledge the issue, hand it off to the IT department, and then check it off the list....
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