Weighing a Cyber Insurance InvestmentTim Francis of Travelers on Managing Risks
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.
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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.