I have worked for insurance carriers (in marketing / market research areas) for almost 20 years beginning in the mid-1960s, been a management consultant (operational, strategy, and product development gigs) to the insurance industry for almost 10 years, and been an insurance industry analyst since 1997 (focused on the ways current and emerging technologies do… Continue reading Two Cyber Issues: Insurability & Financial Returns of selling cyber cover
Category: Cyber Risk
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
A Proposed Enterprise Cyber Risk Profile Framework [First Cut]
Does your enterprise have a cyber risk profile? Is it continually updated? Is is 'a real-time profile?" (Does your enterprise know what a cyber risk profile is or why it might be necessary?) If yes to any of those questions, do you believe your enterprise cyber risk profile encompasses every, or at least most, of… Continue reading A Proposed Enterprise Cyber Risk Profile Framework [First Cut]
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…
Cyber Attack Space Elements (Selective)
This blog post is just a "thinking out loud and writing it down" blog post about cyber attack space(s). Here are some of the elements of the cyber attack space: Enterprise IT-created / enabled business / system processes (or certain activities of those processes) are connected to the web; Mobile devices become "smart" and, as… Continue reading Cyber Attack Space Elements (Selective)
Possible Cyber Risk Financing Stack (For Large / Jumbo) & Mid-Size ?? Enterprises
The visual below is an illustrative cyber risk financing stack for Large / Jumbo enterprises. And maybe Mid-Size enterprises as well ??? For me, this stack visualizes a possible end-game for (re)insurers now selling cyber insurance. It reflects my point-of-view that (re)insurers should not be selling cyber insurance at all. Each segment of the stack… Continue reading Possible Cyber Risk Financing Stack (For Large / Jumbo) & Mid-Size ?? Enterprises
Risk Landscapes: Traditional & Cyber-Focused
During my insurance industry years (industry itself, management consulting, insurance industry analyst), there were illustrations of the risk landscape of risk events to consumers and/or enterprises at that point-in-time. Often, the risk landscape included attempts at frequency and severity of each risk. "Traditional" Risk Landscape For me, the 'traditional' risk landscapes encompasses risks, some of… Continue reading Risk Landscapes: Traditional & Cyber-Focused
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