An Insider's Guide to Cyber-Insurance and Security Guarantees

Presented at Black Hat USA 2016, Aug. 3, 2016, 3 p.m. (50 minutes)

$75 billion. That's the amount of money businesses, governments, and individuals pay every year to security companies. While some security companies provide good value, the reality is the number of incidents are still getting worse and more frequent. Hundreds of millions of people have had their personal information stolen, businesses all over the world are losing intellectual property, and financial fraud is in the billions of dollars. These stories are constant, seemingly never-ending, and customers are tired of it. They are even apathetic to the degree that customers are turning to cyber-insurance as an alternative to breach prevention. We know this because cyber-insurance is a thing. In fact, cyber-insurance is a skyrocketing business that is already influencing every area of the information security industry. This rise of cyber-insurance has also provided a new way for security vendors to help their customers. A way for them to make a real positive impact, differentiate themselves, and align their incentives to that of their own customers - I'm talking about security guarantees.


Presenters:

  • Jeremiah Grossman - SentinelOne
    Professional Hacker, Black Belt in Brazilian Jiu-Jitsu, Off-Road Racer, and Founder of WhiteHat Security. Jeremiah Grossman's career spans nearly 20 years and has lived a literal lifetime in computer security to become one of the industry's biggest names. Mr. Grossman has received a number of industry awards, been publicly thanked by Microsoft, Mozilla, Google, Facebook, and many others for his security research and privately informing them of weaknesses in their systems. He has written hundreds of articles and white papers. Collectively, it's no surprise Jeremiah has been featured in the Wall Street Journal, Forbes, CNN, NY Times and hundreds of other media outlets around the world who regularly rely upon his expertise. And an highly experienced industry veteran, Jeremiah has been a guest speaker on six continents at hundreds of events including TED, Black Hat Briefings, RSA, and many top universities. All of this was after Mr. Grossman served as information security officer at Yahoo!

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