069 The Truth and the Myth of Managing Cybersecurity Risk: An Interview with Libby Benet – Part 2

Paradigm Shift with Christina Martini

In this episode, Christina Martini and Libby Benet discuss:

• Basic things companies do that open them up for attack and how to avoid those.
• The importance of cyber-insurance.
• How to mitigate cybersecurity risks.
• Incident response planning as it applies to cyber.

 

Key Takeaways:

• ‘It’s not going to happen to me’ is a false sense of security.
• Anticipating your contingent business disruption can help prepare you in case your business does get hit.
• From a cyber perspective, you are in a high crime district. Keep that attitude and get the expertise to support the analysis of what you need.
• You can understand the risks of cyber, ignorance is no excuse, everyone needs to understand the risk not just expect IT to understand the risk.

 

“Somebody’s not picking you out and targeting your business. They’re targeting anybody that has vulnerability in their software. If it’s your company that has that vulnerability, then you’re the one that gets hit.” — Libby Benet

 

About Libby Benet: Libby is currently the President of Cyber Secure Work Inc., a cybersecurity, privacy and insurance consulting practice located in Maryland. She has been in the insurance and reinsurance industry for over 30 years. Libby spent time at Beazley Insurance Group as the US Lead Treaty Underwriter for specialty lines products including cyber liability. Prior to that, she held various senior treaty underwriting positions managing professional lines, employment practices and cyber liability with General Reinsurance Inc., a Berkshire Hathaway Company. She has also worked for Zurich in primary underwriting of various property and casualty products. In the mid 1990’s, Ms. Benet became a licensed Maryland Attorney and worked in private practice. She served as Chair of the Emerging Issues Committee of the Torts and Insurance Practice section of the ABA. She is a member of the Minnesota Lawyers Mutual Board of Directors. Through the International Association of Privacy Professionals (IAPP) Libby is a Certified Information Privacy Professional (CIPP US) and certified as a Privacy Information Manager (CIPM).

 

Connect with Libby Benet:

 

Email: [e-mail] & [e-mail]

LinkedIn: Libby Benet

 

Connect with Christina Martini:

 

Twitter: @TinaMartini10

Website: www.paradigmshiftshow.com

LinkedIn: Christina Martini

Email: [e-mail]

 

 

 

Show notes by Podcastologist: Chelsea Taylor-Sturkie

 

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.