Cybersecurity and Insurance Outlook 2023 with Josephine Wolff
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Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
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Joining RIMScast today is Josephine Wolff to provide a 2023 outlook on cybersecurity and insurance!
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Josephine Wolff is an associate professor of cybersecurity policy at The Fletcher School at Tufts University. Her newest book, Cyberinsurance Policy: Rethinking Risk in an Age of Ransomware, Computer Fraud, Data Breaches, and Cyberattacks, came out just this last August and examines the development of cyberinsurance and addresses what governments can do to make it a more effective tool for cyber risk management. Josephine will also be a panelist on RIMS\\u2019s January 24th, 2023 webinar, \\u201cWhat to Expect from Cyber Insurance in 2023 and Beyond,\\u201d linked below under Upcoming Webinars.
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In this interview, Josephine shares what risk professionals need to rethink or reevaluate in 2023, the top three cybersecurity issues that will have the largest impact on organizational leaders in 2023, her advice regarding cyber and ransomware attacks, and more.
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Key Takeaways:
[:01] About the RIMS Membership.
[:14] Registration for RISKWORLD 2023 is now open!
[:34] About RIMScast.
[:45] About today\\u2019s episode.
[1:00] All about upcoming RIMS webinars, workshops, events, and more!
[2:18] All about today\\u2019s episode with Josephine Wolff.
[2:55] Justin Smulison welcomes Josephine to the podcast!
[3:07] Josephine shares her career history and what led her to pursue cybersecurity.
[5:17] Is it inevitable that we will all become victims of a cyber or ransomware attack at some point in our lives?
[6:57] Josephine shares her experiences with risk managers and professionals over the years.
[9:00] Top three cybersecurity issues that will have the largest impact on organizational leaders in 2023.
[12:22] As an instructor that teaches on the subject of cybersecurity, what is on the minds of Josephine\\u2019s students currently?
[16:05] RIMS plug time! All about upcoming RIMS virtual workshops.
[18:00] What risk professionals need to rethink or reevaluate in 2023.
[20:32] RIMS and several other organizations want the federal government in the U.S. to have a centralized framework to help prepare for and navigate the aftermath of major cyber attacks. How beneficial does Josephine feel this would be on a grand scale?
[23:42] Josephine gives a preview of the upcoming Telos webinar she will be joining RIMS for on January 24th, 2023.
[26:01] Josephine\\u2019s thoughts on whether the CIO is a new best friend for the risk manager.
[28:40] Are any of Josephine\\u2019s students on the path to becoming CIOs?
[29:25] Justin thanks Josephine Wolff for joining the podcast and shares some links to check in today\\u2019s show notes.
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Mentioned in this Episode:
RISKWORLD 2023 \\u2014 April 30\\u2012May 3 in Atlanta, Georgia! Public registration is now open!
RIMS Virtual Workshops in 2023 \\u2014 a Brief Dialogue with Instructor Elise Farnham
Contribute to Risk Management Magazine
Prepare for the RIMS-CRMP Certification exam with RIMS and St. John\\u2019s University from January 24\\u201225th. Learn about the five core competencies of a risk professional and enhance your risk management skills. Register now!
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Dan Kugler Risk Manager on Campus Grant
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
Related RIMScast Episodes:
\\u201c2022: The Year in Risk (Part 1)\\u201d
\\u201cCybersecurity and Data Privacy with Fred Karlinsky & Travis Wong\\u201d (2022)
\\u201cCERT-In Cyber Details to Know with Jyoti Krishnan\\u201d
\\u201c2022 Midyear Risk Review with RIMS Publications Director Morgan O\\u2019 Rourke\\u201d
\\u201cGetting to Know Jackware with Dan Healy of Anderson Kill\\u201d
\\u201cCloud Security Risks with Google\\u2019s Monica Shokrai\\u201d
\\u201cRoadway Risks: AI, Autonomous Vehicles, & Automated Driving\\u201d
\\u201cRansomware Risks and \\u2018Responding Gracefully\\u2019 with Masha Sedova\\u201d
\\u201cCyber Breach Responses with Kate Fazzini, Flore Albo CEO\\u201d
\\u201cThe World of Cybersecurity with NCSA\\u2019s Kelvin Coleman\\u201d
\\u201cCybersecurity Frameworks with NIST Fellow, Ron Ross\\u201d
\\u201cCyber Risk News & Trends with Tony Anscombe, Part 2\\u201d
More RIMS Resources on Cybersecurity and Cyber Insurance:
RIMS Letter to Federal Insurance Office Supports the Development of a Cyber Insurance Backstop
From Risk Management Magazine:
\\u201cInsurance Coverage For Jackware Attacks,\\u201d by Daniel J. Healy & Robert M. Horkovich
\\u201cPreparing for New U.S. Data Privacy Laws,\\u201d by Ben Richmond
\\u201c4 Principles to Improve Your Data Privacy Program,\\u201d by Ray Pathak
Upcoming Webinars:
\\u201cWhat to Expect from Cyber Insurance in 2023 and Beyond\\u201d | Sponsored by Telos | Jan. 24, 2023
\\u201cDemystifying Business Continuity for Risk Managers\\u201d | Sponsored by Riskonnect | Feb. 16, 2023
Virtual Workshops:
Captives as an Alternate Risk Financing Technique | January 18\\u201219 | 10:00 am\\u20125:00 pm ET Registration closes Jan. 17
Fundamentals of Insurance | January 25\\u201226, 2023 | 9:00 am\\u20124:30 pm ET
Registration closes Jan. 24
Fundamentals of Risk Management | February 14\\u201215, 2023 | 9:00 am\\u20123:00 pm ET
Registration Closes Feb. 13
See the full calendar of RIMS Virtual Workshops
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RIMS Publications, Content, and Links:
RIMS Membership \\u2014 Whether you are a new member or need to transition, be a part of the global risk management community!
Upcoming RIMS \\u2014 Virtual Workshops
RIMS Advisory Services \\u2014 Ask a Peer
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RIMS-CRMP Stories \\u2014 New interview featuring Merline Barrington of the Port Authority of NY & NJ!
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Follow up with Our Guests:
Josephine Wolff\\u2019s Profile
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Tweetables (For Social Media Use):
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\\u201cI think one of the things that risk managers struggled with for a while now \\u2026 is really trying to lock down: How do we understand what is a reasonable amount of risk to accept? When it is so hard to quantify.\\u201d \\u2014 Josephine Wolff
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\\u201cI think another [cybersecurity issue] that we\\u2019re going to see [that\\u2019s] somewhat linked to the ransomware trend \\u2026 is this question of state-sponsored cyberattacks.\\u201d \\u2014 Josephine Wolff
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\\u201cI do think there\\u2019s value in thinking through, in more detail, what a federal backstop for cyber attacks would look like. That\\u2019s something insurers have been asking for, for a while.\\u201d \\u2014 Josephine Wolff
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\\u201cThe cyber insurance policies you can buy today look very different from the ones that you could buy 10\\u201215, 20 years ago. Part of how that fits in data privacy is understanding how breaches of personal information really drive this market from the beginning.\\u201d \\u2014 Josephine Wolff
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