I hope that insurance actuaries and other insurance professionals tasked with pricing and writing cyber insurance policies ask themselves questions like these: Are we taking into account that as we continue to sell cyber insurance in the Cyber Age, that AI technologies and their applications are increasingly making the risk space behave more indeterminate -… Continue reading A Few Insurer Cyber Cover Questions for 2025 (Reprint from August, 2025)
Category: cyber attack spaces
The Cyber Medium is the Message
The insurance industry is shifting from one portfolio of risk events that it has identified and managed profitably for thousands of years to a new, and significantly different portfolio of risk events: a plethora of cyber risk events that the insurance industry erroneously believes it can successfully identify and manage profitably. Specifically, the insurance industry… Continue reading The Cyber Medium is the Message
Hospitals & Cyber Resilience
I'm not a doctor or any kind of healthcare provider. This blog post encompasses a jumble of assumptions, questions, and guesses. It palpably demonstrates that I am only a patient of the US healthcare system. But, I hope that I am making the right assumptions, questions, and guesses about hospitals (or the healthcare system overall) and cyber resilience. I'd like you to let me know with your comments to this blog post.
Future Financial Viability of Selling Cyber Insurance: Assumptions; Questions; No Answers
I believe that the future financial viability of selling cyber insurance will be bleak at best and, more than likely, unprofitable. That is my driving assumption about future sales of cyber insurance. When is that "future" going to arrive? Thank you, July 2024 CrowdStrike cyber incident (not a cyber-attack, I know) for giving the world… Continue reading Future Financial Viability of Selling Cyber Insurance: Assumptions; Questions; No Answers
The “Every Day-ness” of Black Swans in the Cyber Age
Too many people throw around the term "Black Swan" willy-nilly (a technical phrase for 'far too quickly without justification'). Systemic cyber events will become the norm. These systemic cyber events will all be "white swans". I suggest that most cyber attacks are systemic cyber attacks, but currently not with the reach of the CrowdStrike cyber… Continue reading The “Every Day-ness” of Black Swans in the Cyber Age
Systemic Cyber Risks: Ever Present, Ever Expanding (Originally published late 2023 – no changes)
I almost titled this post "Something Wicked This Way Comes" but I realized that systemic cyber risks are already here. They have come. There is no shutting the door to keep systemic cyber risks out. They are an attribute of any portfolio of two or more companies linked together through the use of the web.… Continue reading Systemic Cyber Risks: Ever Present, Ever Expanding (Originally published late 2023 – no changes)
“Unimaginable”: The Dilemma of Imagining Yet-to-Emerge Cyber Attacks
Game of Thrones, Season 7, Episode 3 - After the Lannister army had marched on Highgarden, Jamie Lannister went to visit Lady Olenna in her room. And before she drank the poison he gave to her, she told him: "Whatever I imagined necessary for the safety of House Tyrell, I did," says Olenna. "But your… Continue reading “Unimaginable”: The Dilemma of Imagining Yet-to-Emerge Cyber Attacks
Potential Categories of a Cyber Attack Space Topography
The concept of topography, specifically related to cyber attack spaces, has been rattling in my head for the past few months. What are the shapes of current cyber attack spaces? What are the shapes of future cyber attack spaces? What might a person include as categories (and elements of the categories) of cyber attack spaces… Continue reading Potential Categories of a Cyber Attack Space Topography
Past Experience Insuring Risks Won’t Help Insure Risks Of Our Emerging Cyber-Forming World
My wife is from Kansas City, Missouri. Some of you (most of you?) might know that Missouri is the "Show Me" State (they have to see something to believe it). Throughout almost the entirety of my insurance career after I left working for marketing departments in a few insurers (across all major lines of business… Continue reading Past Experience Insuring Risks Won’t Help Insure Risks Of Our Emerging Cyber-Forming World
Cyber Predictions: You Don’t Know…
I believe that there are many unknowns in the Cyber Age. You can flash back to the 2X2 of "known-knowns", "known-unknowns", "unknown-knowns" and "unknown-unknowns" but I want to keep it somewhat straightforward. That's why I show the illustrative visualization below. It's my attempt of showing a relatively straight-forward visualization, a 2-dimensional visualization at that, of… Continue reading Cyber Predictions: You Don’t Know…
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