Dan Elliott Returns: How Risk Appetite Actually Shapes Security Budgets

In this conversation, Dan Elliott, principal cybersecurity risk advisor at Zurich, discusses new ways leaders can assess their risk appetite.

KEY TOPICS: 

• ·      how risk appetite effects your cyber security plans, 
• ·      explaining risk appetite in cyber security to leadership, 
• ·      how security planning involves risk appetite, 
• ·      new ways leaders can assess their risk appetite, 
• ·      how cyber insurance works, 
• ·      how cyber insurance is only one part of risk management, 
• ·      and risk management beyond cyber insurance.

 Chapters

• ·      00:00 Introduction and Role Explanation
• ·      03:26 Transferring Risk and Risk Appetite
• ·      06:01 The Complexity of Insurance and Risk Management
• ·      07:41 Insurance as One Part of Risk
• ·      08:10 The Impact of Breaches Beyond Insurance
• ·      09:48 Career Journey: From Coding to Law Enforcement
• ·      16:32 Concerns of Organizational Leaders
• ·      20:22 Breakdown in Communication between Technology Leadership and the Board
• ·      21:19 Explaining Risk Mitigation and Funding Needs
• ·      22:46 Constantly Evolving Security Programs
• ·      23:02 Challenges and Techniques in Fighting Breaches
• ·      24:07 The Complexity of Cybersecurity Breaches
• ·      25:13 The Priming Process and Research Involved in Breaches
• ·      26:07 Measuring and Quantifying Risk in Cybersecurity
• ·      27:03 Compliance vs. Cybersecurity
• ·      28:03 The Importance of Cyber Risk Quantification
• ·      29:11 The Role of Compliance and Security in the Financial Industry
• ·      30:02 Preparing for a Data Breach: Incident Response Planning
• ·      34:06 The Role of Law Enforcement in Incident Response
• ·      36:22 The Difference Between Compliance and Security
• ·      43:38 The Impact of Poor Preparation on Breach Response
• ·      44:34 Preparing for a Data Breach: Incident Response Plan
• ·      48:28 The Importance of Practice and Preparedness
• ·      49:24 Upcoming Events and Focus on Helping Clients

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