Cybersecurity Insurance

By Mark Weatherford

Mark Weatherford has more than 20 years of security operations leadership and executive-level policy experience in some of the largest and most critical public and private sector organizations in the world. In 2011, Weatherford was appointed by President Obama as the Department of Homeland Security’s first Deputy Under Secretary for Cybersecurity and before DHS, he was the Vice President and Chief Security Officer at the North American Electric Reliability Corporation (NERC) where he directed the cybersecurity and critical infrastructure protection program and worked with electric utility companies across North America. Prior to NERC, Weatherford was appointed by Governor Arnold Schwarzenegger to serve as California’s first Chief Information Security Officer and he also served as the first Chief Information Security Officer for the State of Colorado, where he was appointed by two successive governors. As a former U.S. Navy Cryptologic Officer, Weatherford led the United States Navy’s Computer Network Defense operations and the Naval Computer Incident Response Team (NAVCIRT). Weatherford serves on the Board of Directors of the Center for Cyber and Homeland Security at the George Washington University, the Board of Directors at the National Cybersecurity Center, is an Affiliate at the Stanford University Center for International Security and Cooperation (CISAC), an affiliate faculty member at the Desert Research Institute, and is a Distinguished Fellow at the Poneman Institute. He’s an investor in multiple technology startup companies and serves on the  Executive Advisory Boards of AlertEnterprise, BitGlass, Boldend, Chevron, Coalfire, Coventry, Cylance, and Indegy. He is also on an Advisory Board for Cyber-Enabled Economic Warfare at the Foundation for Defense of Democracies.  

Few businesses today would think of operating without liability, property, or workers’ compensation insurance and yet, according to a recent survey by CSO magazine, only

59 percent of organizations have some form of cybersecurity insurance. Part of the problem is that cybersecurity insurance continues to be a maturing market that even the underwriters haven’t completely figured out. The more ominous side of the equation, however, is that depending upon what sector of the economy a business operates in, cybersecurity insurance is becoming more difficult to acquire and costs are skyrocketing. 

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