On June 26, Madrid will host Cyber Insurance Day (#CID24), the V Edition of this event on the world of cyber insurance, that will have InsuranceNews as media partner. The conference seeks, once again, to merge the world of cybersecurity and insurance, bringing together insurers, mediators, brokers, cybersecurity solutions and practical cases, as well as entities and associations.
The increase in concern about cyber risks has driven demand for insurance that protects companies and organizations against these digital threats. Since its inception in 2020, CyberInsurance Day has included the participation of more than 100 speakers and 30 sponsors. This in-person event offers an opportunity for those interested in delving deeper into this ever-changing market, including the insurance industry and cybersecurity professionals.
The event will be held at the Wizink Center (Truss Room) and will feature presentations by experts in cybersecurity and the insurance sector, as well as round tables in which experts will highlight the vital importance of cybersecurity in the face of the increase in cyberattacks.
Calculation of losses and returns on investments in cybersecurity
The day will start with a practical demonstration by Manuel Carpio, cybersecurity director at Armatum, a company that helps organizations obtain a quantitative economic assessment of Cyber Risk. The executive, with more than three decades of experience in the cybersecurity sector, through a use case, will directly quantify the losses due to cyber incidents and the return on investments in cybersecurity.
Interventions will follow AXA XL and Telefónica Segurosas well as BBVA, which together with Ana Gomez Blancoglobal head of the bank’s shadow IT project, will talk about the dangers of using unauthorized technologies and how they can affect the world of insurance in this case.
Challenges and keys in contracting cyber insurance
In the first round table of the event, titled ‘Challenges and keys in contracting cyber insurance’, professionals from the insurance and cybersecurity sector, will share with attendees the necessary aspects to take into account when choosing cyber insurance. They will participate in it Rafael Ortizsenior cyber underwriter at Archinsurance, David Santanaresponsible for cyber risks underwriting at Riskmedia, and Alexis Alonso Arevalo, general manager at Cyber Guardian Solutions. Experts will detail the importance of purchasing cyber insurance in protecting organizations against constantly evolving cyber threats.
What to do in the event of a hack?
In this round table they will participate Marc Pujol, cyber security specialist at Tokio Marine HCC; Isabel Maria Gomez, global CISO & winner of the European Trophy Cyber Woman 2023; and Alberto Lopez, CISO of Solaria, in which they will talk about what to do in the event of a hack, what are the procedures to follow, how to communicate what happened to institutions and insurers, etc. The guests will explain the procedure that the organization that has been hacked must follow, investigate what happened, how to prevent it from happening again, and how to restore lost data.
How new regulations affect cyber insurance
In this last round table, the European regulatory framework, NIS2, and regulations such as the DORA regulation will be addressed, which together with the European Cybersecurity Strategy, the CER Directive, the Cybersecurity Regulation, or the Regulation for Cyberresilience, represent quite a challenge. for companies, and even more so for the insurance sector, a sector with especially sensitive data for its business model. They will be present Sergio Poza Martínezmanaging attorney of the Letslaw law firm, the payment gateway PaynoPainand hardware design and manufacturing company Libelium.
To end the event, Alejandro CorlettiCEO of Darfe.es, will talk about Government, planning and operations in the world of cybersecurity.
