Securing your Business Against The Latest Cyber Threat Trends: Incident Responses and Insurance Essentials | A Conversation with Shawn Tuma | Redefining CyberSecurity Podcast with Sean Martin

Guest: Shawn Tuma, Co-Chair, Data Privacy & Cybersecurity Practice at Spencer Fane, LLP [@SpencerFane]On Linkedin | https://www.linkedin.com/in/shawnetuma/On Twitter | https://twitter.com/shawnetumaOn Instagram | https://www.threads.net/@shawnetuma____________________________Host: Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/sean-martin____________________________This Episode’s SponsorsImperva | https://itspm.ag/imperva277117988Devo | https://itspm.ag/itspdvweb___________________________Episode NotesIn this episode of the Redefining CyberSecurity Podcast, host Sean Martin sits down with cybersecurity data privacy attorney, Shawn Tuma. They delve into a comprehensive discussion on cyber risk, cybersecurity incident response, and cyber insurance. During their discussion, Tuma shares a wealth of knowledge stemming from his deep involvement in thousands of cyber incident responses. He discusses the evolving cyber threat landscape, singling out business email compromises as now topping the list and how the evolution of threat actor tactics has exploited the human element in organizations.The conversation segues into the crucial role of insurance in incident response planning. Tuma goes into detail about the issues that organizations face with insurance, especially when they aren't familiar with the terms stipulated in their policies. He also emphasizes the importance of getting the insurance carrier involved early on and the necessity for businesses to have pre-approved incident response teams.The episode wraps up with Tuma’s advice on building a robust incident response plan and how insurance plays a key part in the strategy.Key Insights Provided:Though cyber threats continue to evolve, business email compromises now top the list over ransomware attacks because threat actors are manipulating the human element in organizations.Insurance carriers play an indispensable role in incident response planning; it's crucial to get them involved early on and for businesses to have pre-approved incident response teams.In building a robust incident response plan, businesses must understand their risk, be familiar with the terms stipulated in their policies, and ensure the implementation of measures that limit their vulnerabilities.___________________________Watch this and other videos on ITSPmagazine's YouTube ChannelRedefining CyberSecurity Podcast with Sean Martin, CISSP playlist:📺 https://www.youtube.com/playlist?list=PLnYu0psdcllS9aVGdiakVss9u7xgYDKYqITSPmagazine YouTube Channel:📺 https://www.youtube.com/@itspmagazineBe sure to share and subscribe!___________________________Resources___________________________To see and hear more Redefining CyberSecurity content on ITSPmagazine, visit:https://www.itspmagazine.com/redefining-cybersecurity-podcastAre you interested in sponsoring an ITSPmagazine Channel?👉 https://www.itspmagazine.com/sponsor-the-itspmagazine-podcast-network