Panelists: In Govt Cybersecurity, Insurance Should Be ‘Plan D’
As local governments find affordable cyber insurance increasingly difficult to obtain, some cyber experts are urging them to remember that it’s not the most important tool available. Insurance was only ever meant to be one piece of a larger risk mitigation strategy, said panelists during a July 12 FedInsider event.
After all, insurance comes into play after the disaster strikes, and it cannot fully undo the damage, much like auto insurance doesn’t stop the car crash, said panelist Alan Shark, executive director of CompTIA’s Public Technology Institute (PTI), a membership group offering research, professional development and consulting for local government.
And when a government agency or critical infrastructure entity is the one hit, the “car crash” is widely felt.