Insurance has long existed as a mechanism for the transferal of risk to a third party, particularly for those risks that fall outside of an organization’s direct control. However, as the threats we face evolve so must the insurance products that we purchase. Recently, the most significant dangers that have come to light and threatened to destroy a company overnight have emerged within the cybersecurity sphere. This has fueled the growing interest and appetite for cyber liability insurance.
We recently caught up with Hart Brown, a leading cybersecurity expert, to ask him about cyber liability insurance. Brown, is Executive Vice President and COO of Firestorm Solutions, a division of Novume Solutions (NASDAQ: NVMM), a leading crisis and risk management firm. A former Program Director for the U.S. Department of State and certified ethical hacker, Brown has 20 years’ experience in security, crisis management, emergency management and business continuity.