Panelists: In Govt Cybersecurity, Insurance Should Be 'Plan D' [Government Technology] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 14, 2022 Newswires
Share
Share
Post
Email

Panelists: In Govt Cybersecurity, Insurance Should Be 'Plan D' [Government Technology]

Government Technology

Jul. 13—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.

"Do your best to not be the one that shuts down the city or the energy sector," said Kevin Walsh, director of the Government Accountability Office (GAO)'s Information Technology and Cybersecurity team. "Insurance is the backup for when things go wrong... Cyber insurance is plan D or E or Z — that's for if everything else has failed."

Agencies may get more bang for their buck by focusing first on cyber defense strategies and tools that could make successful attacks scarcer and their impacts milder.

"The cyber defense is by far the most important thing one can do," Shark said, although he noted insurance is still helpful.

This idea has been getting more focus, and GovTech recently reported on a risk modeling tool intended to help local government make these kinds of spending decisions. That tool helps estimate chances of financial loss to cyber incidents and how far different investments in defense and insurance could go toward reducing such damages.

So where should governments be spending their cyber money and time?

Panelists' discussions highlighted several key priorities: cyber posture assessments, incident planning, awareness training and layered defenses.

STARTING WITH A PLAN

Governments need a firm understanding of what they're trying to protect, and that starts by taking an inventory of their data, assets, systems and current strategies, Shark said. They need to know things like how many endpoints they have and who can access them, what backup practices are in place, what kind of continuing education and certifications staff have been getting and whether any tools are in place to monitor for intrusions.

Walsh also said agencies should inventory their data, including identifying what needs the most protection because it would be particularly disruptive, embarrassing or harmful if made inaccessible or leaked.

Detailing out this kind of information can help agencies recognize gaps to address. In that vein, cyber insurers' increasingly lengthy questionnaires — which ask about agencies' cyber postures — can reveal useful insights, even if applicants get rejected, Shark said. He recommended hiring a third party to provide cyber risk assessments.

Governments first need to ensure they have up-to-date incident response plans that address cyber events, said Orange County, Fla., CISO Peter Miller.

Shark recommended testing such plans through tabletop exercises so participants can discover details they may have overlooked. For example, exercises may prompt participants to consider how they'd reach out for help if malware took down their voice over Internet protocol (VoIP) access and how they'd communicate with the public if websites were down.

Incident response plans must include backup strategies, too, Miller said.

"Everyone says, 'Oh, yeah, we have everything backed up, it's fine,'" Miller said. "Well, do you have enough backup people? Do you know how long it's going to take you to restore not one system, not two — but if you're hit with ransomware and you lose 10 major systems and have to bring them all up at the same time, what's that going to entail?"

UPDATED TRAINING

The right training approaches can also make significant impact on cybersecurity, panelists said.

Governments are increasingly using cloud technologies, which introduce a new set of cybersecurity concerns. That's a problem if staff were only taught to protect more traditional setups, so organizations need to make sure they get updated training, Miller said.

"A lot of staff are getting thrown into new areas like cloud technology and dealing with endpoints without the specific training or they just have traditional networking training," Miller said.

And training doesn't just stop at IT. Hackers continue to use phishing or other social engineering to get purchase on a network, and so agencies need to ensure their whole workforce is being educated about how to spot such ploys. Shark recommended continually sending users reminders and informational updates, not just offering annual trainings.

LIMITS AND LAYERS

Governments can also reduce users' chances to make mistakes. Miller recommended blocking users on their networks from accessing websites that may be risky, such as those from Russia or China, for example.

Using layered defenses — rather than just relying on one or two measures — also gives an organization more opportunities to stop or limit an attack because hackers who manage to thwart one defense may still be defeated by another, Miller said.

He also recommended adopting zero-trust security approaches. These see agencies requiring even familiar users to authenticate themselves before getting access to enterprise resources and limiting users' access to only those data and systems they absolutely need — rather than to everything on the network. The goal is to constrain the amount of damage hackers could do, even if they managed to penetrate the network.

___

(c)2022 Government Technology

Visit Government Technology at www.govtech.com

Distributed by Tribune Content Agency, LLC.

Older

Automobile Insurance Apps Market Still Has Room to Grow : AISUS, Allianz Partners , Progressive: Automobile Insurance Apps Market Size, Share, Future Growth and Opportunity Assessment 2021-2027

Newer

Strickland Insurance & Financial Group Offers Professional and Sound Guidance on Medicare and ACA Health Plan Decisions

Advisor News

  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
  • When a client moves, their insurance plan needs to move, too
  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
More Advisor News

Annuity News

  • Gen X and millennials seek new retirement model
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
More Annuity News

Health/Employee Benefits News

  • Second Quarter Health Insurance Membership Trends Assessed by Mark Farrah Associates
  • 1 in 3 U.S. workers do not have a legacy plan in place
  • More than 1 in 4 US adults reports having medical debt
  • 1 in 3 U.S. workers do not have a legacy plan in place
  • Flawed logic won't fix care
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Symetra Named a Fortune Best Workplace in Financial Services & Insurance™ for Fourth Consecutive Year
  • 1 in 3 U.S. workers do not have a legacy plan in place
  • MassMutual Enhances Permanent Life Insurance Portfolio With Launch of Whole Life Guard 10 Pay and Whole Life 95
  • Study Results from Cornell University in the Area of Insurance Reported (Regulatory Competition In the Us Life Insurance Industry): Insurance
  • AM Best Comments on Issuer Credit Ratings of Pacific Life Insurance Company’s Commercial Paper Following Amendment to Program
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.