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 Regulations
Cyber Regulations: Cui Bono?
Who benefits from cyber regulations? (From September 25, 2023) Not who should benefit but who will benefit from the seemingly ever-growing number of cyber regulations being issued from increasingly more governments around the world? This post is my opinion about who will benefit. About which entities / participants in the cyber market will benefit. As… Continue reading Cyber Regulations: Cui Bono?
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 Cyber Age: a Few Thoughts
One thought : when did the Cyber Age start? It's not just a nice-to-know question. Regardless of when it began, the Cyber Age is enabled by a foundation of five technologies (digitization, mobility, cloud, web, and AI) and their concomitant applications that dramatically changed how society interacts within itself, including conducting (or consuming, if you… Continue reading The Cyber Age: a Few Thoughts
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…
The Luxury of Being Cyber Secure Does Not Exist (Now or Ever) in the Digital World of Commerce
Someone on LinkedIn said that enterprises can become more cyber secure if they identify, choose, and ensure the firms they choose to conduct commerce have “value” and are cyber secure. (That statement triggered this blog post.) However, even systems we believe have value will themselves connect to other systems (which we may or may not… Continue reading The Luxury of Being Cyber Secure Does Not Exist (Now or Ever) in the Digital World of Commerce
The Skeptical Analyst: Let’s Talk Cyber !
I published the February edition of my Podcast "The Skeptical Analyst: Let's Talk Cyber !" yesterday. It's available on Apple Podcasts, Spotify podcasts, Amazon Music, Overcast, Castro, Castbox, Podfriend, Goodpods, and other podcast platforms. I discuss four cyber issues in this 17 minute podcast: Our Cyber-Forming World Traditional Risks vs Cyber Risks Cyber Attack Spaces Cyber… Continue reading The Skeptical Analyst: Let’s Talk Cyber !
Suggested Annual Corporate Cyber Budget Elements
Suggested annual corporate cyber budget elements At this point-in-time on January 2, 2024, I think there are several budget elements which corporations should include, or consider including, in the list of known and probable (continual) annual cyber expenditures. My suggested annual corporation cyber budget elements are the: Cost of creating and maintaining a cyber insurance… Continue reading Suggested Annual Corporate Cyber Budget Elements
Rabkin's Opinions 