Taking a Byte out of Cyber Risk

By Shawn Dougherty April 28, 2014

Today’s digital frontier has, at times, been compared to the Wild West. Cyber bandits roam free online, robbing decent folk of their time, money, and computer functionality. Worms spread through networks, systems are held hostage by ransomware, and people with normally sound judgment download dancing pigs without a second thought.

At next month’s Verisk Insurance Solutions Client Summit, I’ll be leading a panel discussion delving deep into the cyber wilderness. The session is called “Taking a Byte out of Cyber Risk” and is designed to keep insurers informed and safe from cyber stampedes.

The panel will feature two prominent insurance executives who have helped lead the charge against cyber risk: Catherine Mulligan, senior vice president of specialty products at Zurich North America, and Kirstin Simonson, second vice president of global technology underwriting at Travelers. Together, we’ll examine what “cyber” is and explore risks you might not have thought were cyber-related. We’ll also analyze emerging cyber-related issues, including activity at the federal level and supply chain implications.

Please feel free to e-mail me at sdougherty@iso.com with any questions you may have regarding cyber risk and cyber-liability insurance. You can also follow me on Twitter @doughertyshawn.

Stay tuned for the next blog post in our Cyber Monday Series.

Shawn Dougherty

Shawn Dougherty is the assistant vice president of ISO's Specialty Commercial Lines Division. He is responsible for providing the overall direction, leadership, and client service for ISO's cyber liability (e-commerce), D&O (management protection), businessowners, crime and fidelity, financial institutions, employment-related practices liability, and professional liability (other than medical) insurance programs. He is also the ISO product manager for the Lloyd's Wordings Repository, an electronic database of policy wordings and clauses regularly used within the London market. Mr. Dougherty has worked at ISO since 1988.