
Northwest Partners successfully hosted the latest session of their bi-monthly event series, Eggspectations. This highly anticipated event brought together top technology and cybersecurity leaders from the greater Columbus area to discuss pressing industry issues and share valuable insights.
Event Title: Perspectives on Cybersecurity Insurance: A Dialogue with Leading CISOs and IT Executives on Navigating Personal and Corporate Risk
The event featured dynamic presentations by industry experts Jordan Turner and Melissa Basil, who provided an in-depth analysis of the current state of Directors and Officers (D&O) insurance. They emphasized the critical importance for IT leaders, especially Chief Information Security Officers (CISOs), to ensure they are adequately covered under their company’s D&O insurance plans.
Key Highlights:
- Understanding D&O Insurance: Turner and Basil underscored that the evolving role of the CISO is often not fully understood by traditional insurance policies, which can lead to significant gaps in coverage. This is a crucial concern as CISOs may find themselves exposed to personal risk, including lawsuits and legal fees, without proper insurance protection.
- Actionable Advice for CISOs: The speakers strongly recommended that CISOs verify their coverage status with their companies. If they are not covered under the company’s D&O insurance, it is vital to request inclusion. In cases where inclusion is not feasible, Turner and Basil advised seeking individual coverage and consulting with outside counsel to assess potential exposures.
- Industry Insights: The discussion highlighted the rapidly changing landscape of cybersecurity insurance. With the role of CISO being relatively new, many older insurance policies do not account for the specific risks associated with this position. This lag in the insurance industry necessitates proactive measures by IT leaders to safeguard their personal and professional interests.
Next Steps and How to Get Involved: If you missed the September 2024 edition of ” IT & Cybersecurity Eggspectation” but are interested in participating in future events, we invite you to reach out to Ian Lilburn, our Columbus area account manager and event contact, by emailing him at Ian.lilburn@northwestpartners.com. Ian will provide you with information about upcoming events and how you can join this exclusive gathering of CIOs and cybersecurity experts.
At Northwest Partners, we are committed to fostering knowledge sharing and collaboration within the IT community. “Security Eggspectation” is just one of the many ways we aim to contribute to the enhancement of security practices and the protection of organizations from emerging threats.
We look forward to your participation in our future events and to furthering the discussion on critical cybersecurity topics.
Tags: Cybersecurity Insurance, D&O Insurance, CISO, IT Leaders, Northwest Partners, Eggspectations Event Series, Technology Leaders, Cybersecurity Events, Columbus Tech Events