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Managing Cyber Exposure: 2020 and Beyond – Part 3

Author
The National Alliance for Insurance Education & Research
Published
Fri 05 Feb 2021
Episode Link
https://www.riskeducation.org/resources-insurance-content/

In Part 3 of Managing Cyber Exposure: 2020 and Beyond, Host and Director of Faculty Development, Jay Williams, CIC, CRM, CRIS, MLIS, AIP, AAI, ACSR, continues his conversation with Paul Burkett, J.D., CIC, CRM, CPCU, ARM, ALCM, about risk management as it relates to cyber exposure, particularly with risk transfer. E-commerce transactions can create the potential for negligence that could lead to loss scenarios. Risk transfer through contract aims to limit these loss scenarios as much as possible. This non-insurance risk transfer tool needs to be combined with the procurement of insurance coverages that transfer the risk to the insurance marketplace.  


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