As cyber attacks become more frequent and more damaging, the cost of not being prepared is rising and companies are considering how to mitigate risk. The insurance industry can play an important role in managing cyber risk, but it needs to better understand the threat and quantify the potential damages. Understanding the range and diversity of cyber threats facing American companies, and the cost of cyber attacks and data breaches to victim companies, is essential for insurers to offer new products and services and manage their own exposure to cyber risk.
CSIS will convene a wide range of stakeholders including industry executives, senior policymakers, and security experts to discuss these issues and promote the development of a common understanding of the cyber risks to American companies and how best to manage those risks.
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