MBA in International Management (2012)
BA in Media & Communication science
Cyberinsurance premiums are skyrocketing, the insurance is getting harder to come by, and insurance companies are introducing swaths of exemptions in their insurance offerings. In addition, the EU is introducing more regulation on cybersecurity which will be fully enforced within 24 months. How is a business going to cope?
According to Marsh "Cyber insurance pricing increased by 102%, again driven by ransomware claims; with continued market deterioration and reduction in capacity, many clients turned to self-insured retention, as well as co-insurance."
Not only is cyberinsurance becoming more tricky and expensive, but the EU is also regulating how cyberresilient and secure a financial institutional company, or a critical ICT provider, has to be. Companies are forced to show that they have taken adequate steps to safeguard their data and ICT-systems, and to prove that they take cybersecurity seriously by both cyberinsurance companies and the EU regulatory body.
The new DORA regulation rests on five pillars:
• ICT Risk Management
• ICT Incident Reporting
• Digital Operational Resilience Testing
• Information and Intelligence Sharing
• ICT Third-Party Risk Management
One of these points, mainly the fourth about Information and Intelligence sharing, I touched upon in a recent post. I noted how important it is to share cybersecurity issues and known vulnerabilities with your vendors. Not only because you're a business who cares and who takes collaboration with vendors seriously, but also because you care about your own cyberresilience and cybersecurity.
When it comes to the first and last, fifth pillar, these are closely allied: if you can see your own risk, and manage it, but also have the possibility to see and help manage the risk of your third parties, you have a holistic solution which brings you closer to being resilient and secure. These are data-driven points which you can prove and show to your cyberinsurance provider. You can prove that you have acted upon risks, that you continuously do so (not just point-in-time or pen-testing), and that you collaborate with your community and vendors to create a more secure and resilient world.
With regards to the exclusions I mentioned, it is of course Lloyds in the UK (a group of 76+ insurance syndicates) who is now "requiring that all standalone cyber-attack policies include a suitable clause excluding liability for losses arising from any state backed cyber-attack". At a minimum, the state backed cyber-attack exclusion must exclude losses arising from a war (whether declared or not) and exclude losses arising from state backed cyber-attacks that either significantly impair the ability of a state to function or that significantly impair the security capabilities of a state. So your insurance got more expensive and you got less.
The Cybersecurity industry sure got interesting.
CYBER SECURITY CONSULTING
Advise on the best practice and offer solutions regarding Third Party Risk Management (TPRM), Extended Threat Intelligence.
MARKETING STRATEGY
Develop a marketing strategy and budget, including offline and online marketing. Create Annual Marketing, PR, and IR Budget ^ Report (compilation, submission and reporting).
MARKETING ANALYSIS
Create Monthly, Quarterly and Annual Marketing reports, track social media metrics and website analytics. Adjust strategy and budget accordingly.
ONLINE MARKETING, SEO & SEM
Launch, manage & follow up Search Engine Marketing and Search Engine Optimisation strategies. Find & manage partners for content creation, such as graphic designers, copywriters, web designers.
Oil & Gas industry | Subsurface injection services for oil & gas operators
Reporting directly to the CEO, as the VP of Marketing, I am responsible for the global new business development efforts (Russia, USA), as well as our B2B marketing.
Cognosec Ltd / London, UK (2016 - 2018)
Cybersecurity | B2B industry
Reporting to the CEO, as the European Marketing Manager I was the line manager of two employees, and responsible for helping the Sales team increase revenue through the continuous development, implementation, execution, and measurement of a Marketing Strategy and Marketing Plan across Europe, which included:
EP Holdings LLP / Irvine, Nevada, USA / worked remotely in London, UK (2014 - 2016)
Manufacturer & whole sale distributor of caffeinated chewing gum.
Start-up / Private social network
Innovation & Place Strategy / management consulting
E-commerce
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