KANSAS CITY, Mo., Oct. 22, 2015 /PRNewswire/ -- Lockton Companies' Ben Beeson of the insurance broker's Global Technology and Privacy Practice, has authored a chapter in a new book, Navigating the Digital Age: The Definitive Cybersecurity Guide for Directors and Officers. Published by Palo Alto Networks and the New York Stock Exchange, the book includes practical insight, advice and best practices for corporate executives and board officers on wide range of topics related to cybersecurity.
The chapter authored by Beeson, "Investment in Cyber Insurance," explains:
- Why cyber insurance is a worthwhile and valuable investment
- The current state of the cyber insurance marketplace
- How cyber insurance works, what it covers, and how to leverage it as a risk management tool
- Why government increasingly sees cyber insurance as a market incentive to drive stronger enterprise security
"A number of high-profile corporate data breaches, mainly in the US retail sector over the past two years, have led rapidly to a major change in enterprise cybersecurity strategy, " said Beeson in the chapter, "Cyber insurance has a broader role to play than simply reimbursing costs associated with a loss. Accepting risk means adopting an approach that seeks to mitigate and build enterprise resilience."
Many other individuals and organizations also contributed to the book, including Adam Sodowick, president of NYSE Governance Services; the World Economic Forum; the U.S. Department of Justice; Charlie Scharf, CEO of VISA; Larry Jones, CEO of Coalfire; Mark McLaughlin, CEO of Palo Alto Networks; Wells Fargo; Michael Chertoff, Executive Chairman of The Chertoff Group and former Secretary of the U.S. Department of Homeland Security; and Jim Pflaging, Principal and the head of The Chertoff Group's Business Strategy Group; and Lori Zukin, Principal of Booz Allen Hamilton. Navigating the Digital Age: The Definitive Cybersecurity Guide for Directors and Officers is available for download at www.securityroundtable.org.
More than 5,600 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10th largest overall. For six consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.