The Risk Transfer Conundrum

Incessant cyber attacks are creating tremendous pressure on the insurance industry, thus creating a looming risk transfer problem.

There are two general types of risk: inherent and residual.
• There is an inherent risk with implementing any technology or leveraging third parties (MSP/MSSPs)
• We manage RISK in 4 ways: Avoid, Reduce Transfer and Accept
• Residual risk is what is left over after you "manage risk."

The problem is, when it comes to cyber, for the last decade, the …

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