Monday, May 12, 2025
My Account
Join Council
USA Wire
  • News
    • Politics
    • Sports
    • World
  • Business
    • Entrepreneurship
    • Finance
    • Marketing
  • Culture
    • Lifestyle
    • Celebrity
    • Travel
  • Entertainment
    • Gaming
  • Sports
  • Health
    • Food
    • Fitness
  • Crypto
  • Technology
No Result
View All Result
  • News
    • Politics
    • Sports
    • World
  • Business
    • Entrepreneurship
    • Finance
    • Marketing
  • Culture
    • Lifestyle
    • Celebrity
    • Travel
  • Entertainment
    • Gaming
  • Sports
  • Health
    • Food
    • Fitness
  • Crypto
  • Technology
No Result
View All Result
USA Wire
No Result
View All Result
Home News

Cyber Security CEO on 2022 Predictions

USA Wire Staff<span class="bp-verified-badge"></span> by USA Wire Staff
August 3, 2022
in News
Reading Time: 2 mins read
Cyber Security CEO on 2022 Predictions
18
SHARES
128
VIEWS
Share on FacebookShare on Twitter

The current structure of the cyber insurance market in relation to the threat landscape has been under attack. Historically, organizations would seek insurance, get a minimum capability requirement, attest to doing the required items, and then transfer (a portion of) the financial risk to the insurers. The prevalence of ransomware events and the associated payouts have made that approach unsustainable for the cyber insurance market and it has always been a terrible approach for the insured. Cyber events have far-reaching implications and a failure to evaluate risk and build cyber resilience commensurate with fiduciary responsibilities in this day and age is malpractice. The increases in premiums and lower coverage levels are simply a necessary industry response from cyber insurers. We – the cyber security industry, leaders in all sectors and verticals, and specialists in cyber engineering, GRC, technology – now are faced with a choice. Do we start to change the conversation and narrative around what our role is in allowing this to have occurred and work collectively to lower the risk pools so cyber insurers can play their critical role in transferring some of the financial risks OR do we continue to push our products and services as the savior without consideration of how they work together to enable integrated cyber resiliency?

I think 2022 will continue the trend of ransomware events both hitting the news and being quietly handled. This will likely cause some insurers to leave the cyber insurance market and others simultaneously increase their premiums, lower their coverage levels, and require more proof that the insured are meeting cyber hygiene requirements. The bottom line is that cyber insurance is one of many critical tools for active cyber resiliency and like any other tool, when it is overused it wears down and when it is used in replacement of the ‘right’ tool for the job it performs poorly.

About Jeffery J Engle

RecommendedReads

What Every Entrepreneur Should Know About White-Collar Crime: Insights from a Criminal Defense Lawyer

How a Marketing Staffing Agency Can Boost Your Business Growth

From ChatGPT to Human-Certified: Restoring Trust in Corporate Blogs

Jeff Engle is Chairman & President at Conquest Cyber where he brings a broad spectrum of experience in Risk Management, National Security, and Business Process Optimization. He is responsible for the development and implementation of all strategic initiatives including cyber risk management and secure digital transformation programs. He has served as a consultant for the Department of Defense’s premier adversary emulation team and has conducted vulnerability assessments and training all over the world.

Adaptive Risk Management & Cybersecurity Consulting | Conquest Cyber

Tags: 2022CEOCyber SecurityJeffery J EnglePredictionsransomware
Share7Tweet5
Previous Post

Hubspot Data Synchronization with CRM

Next Post

3 Amazon and Supply Chain Predictions for 2022

USA Wire Staff<span class="bp-verified-badge"></span>

USA Wire Staff

USA Wire is a millennial-focused news publication that provides content in a way that relates to the modern world. USA Wire strives to provide unbiased and accurate coverage of current events, highlighting both the good and bad.

Related Posts

edit post
1747075594146
News

What Every Entrepreneur Should Know About White-Collar Crime: Insights from a Criminal Defense Lawyer

May 12, 2025
edit post
Marketing Staffing Agency
News

How a Marketing Staffing Agency Can Boost Your Business Growth

May 12, 2025
edit post
ChatGPT
News

From ChatGPT to Human-Certified: Restoring Trust in Corporate Blogs

May 12, 2025
Next Post
edit post
3 Amazon and Supply Chain Predictions for 2022

3 Amazon and Supply Chain Predictions for 2022

edit post
Meet the Teens Spearheading Change in Underserved U.S. Schools

Meet the Teens Spearheading Change in Underserved U.S. Schools

edit post
Bearback Guarantees Top-Quality Human Service

Bearback Guarantees Top-Quality Human Service

Discussion about this post

Follow us

Recommended

edit post
HomeSafe

Home Safe Solutions: Ensuring Your Sanctuary Stays Secure

12 months ago
edit post
Asphalt Maintenance

The Importance of Regular Asphalt Maintenance

10 months ago
edit post
Jacuzzi Hot Tub Models

Jacuzzi Hot Tub Models Compared: Which One Is Right for You?

4 weeks ago
edit post
Carb Cycling

Carb Cycling: The Weight Loss Secret for Menopausal Women, Says 5-Time Best-Selling Fitness Author

4 months ago

Categories

  • Business
  • Celebrity
  • Construction
  • Crypto
  • Culture
  • Electrical
  • Entertainment
  • Entrepreneurship
  • Finance
  • Fitness
  • Food
  • Gaming
  • Health
  • Home Improvement
  • Lifestyle
  • Marketing
  • Medicine
  • Movies
  • Music
  • News
  • Opinion
  • Plumbing
  • Politics
  • Renovations
  • Sports
  • Technology
  • Travel
  • Uncategorized
  • World

Topics

2018 League (12) America (11) Asian Games 2018 (20) Balinese Culture (10) benefits (15) Budget Travel (18) Business (36) celebrity (16) Chopper Bike (11) Digital (16) eco-friendly (11) Entrepreneur (10) Finance (10) fitness (12) food (11) fun (13) future (12) guide (32) Health (34) healthcare (14) hiring (11) home (29) industry (11) Innovation (11) Istana Negara (17) legal (14) Maintenance (11) Market Stories (22) music (14) National Exam (13) pandemic (11) Paws of War (13) performance (13) podcast (11) professional (11) Real Estate (10) Services (20) Social media (11) Software (13) summer (16) technology (13) tips (25) trends (15) Visit Bali (16) WonderWorks (19)
USA Wire

© 2024 USA Wire

Navigate Site

  • Join Council – Become a Contributor
  • My Account

Follow Us

No Result
View All Result
  • Join Council
  • Politics
  • News
  • Business
  • Culture
  • Sports
  • Lifestyle
  • Travel

© 2024 USA Wire

Go to mobile version