Governance

Weighing a Cyber Insurance Investment

Tim Francis of Travelers on Managing Risks
Tim Francis, vice president and enterprise lead for cyber insurance, Travelers Business Insurance

In today's threat environment, investments in cybersecurity technologies as well as cyber insurance are more critical than ever, says Tim Francis of Travelers Business Insurance.

See Also: Webinar | Passwords: Here Today, Gone Tomorrow? Be Careful What You Wish For.

More CISOs are coming to realize that insurance can play an important role because "no system is completely foolproof and [security] events can happen," he says.

In a video interview at Information Security Media Group's recent New York Fraud and Breach Summit, Cabrera, who was a featured speaker, also discusses:

  • What qualifications to look for in a cyber insurer;
  • Who should be involved in the decision-making process;
  • Key elements of a risk management strategy in today's environment.

Francis is vice president and enterprise lead for cyber insurance at Travelers Business Insurance. He has oversight of all of the company's cyber product management, including products for businesses of all sizes, public entities and technology firms. He is a member of the Professional Liability Underwriting Society and has served as chairman of the Hartford Chapter. He is a participant in the Department of Homeland Security's Cyber Incident Data and Analysis Working Group.


About the Author

Tracy Kitten

Tracy Kitten

Director of Global Events Content and Executive Editor, BankInfoSecurity & CUInfoSecurity

Kitten was director of global events content and an executive editor at ISMG. A veteran journalist with more than 20 years' experience, she covered the financial sector for 10+ years. Before joining Information Security Media Group in 2010, she covered the financial self-service industry as the senior editor of ATMmarketplace, part of Networld Media. Kitten has been a regular speaker at domestic and international conferences, and was the keynote at ATMIA's U.S. and Canadian conferences in 2009. She has been quoted by CNN.com, ABC News, Bankrate.com and MSN Money.




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