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Reflections from RSA
2016 and Advisen Cyber
Risk Insights Conferences
March 15, 2016
“Uncertainty is
an uncomfortable
position.
But certainty
is an absurd one.”
Voltaire
2
March 2016 – Two Major Cybersecurity
Conferences in San Francisco
3
Reflections from
the two conferences from
Evolver VP and Cybersecurity Expert
Chip Block
4
RSA Conference
The technology world likes to live in certainty
5
2016
buzz
word:
“machine
learning”
Products are built that learn
expected behavior over time
Then look for anomalous activity to
alert that a cyber attack may have,
or is, occurring
Machine learning approaches work well:
In a relatively static operational environment that can be modeled and
refined over time.
BUT
Highly dynamic and flexible environments are
not good candidates for a machine learning
approach
Because the models never refine and defining expected behavior with
confidence is never achieved.
Many vendors/speakers said:
Machine learning is a “solution” to cybersecurity
6


Does have a role in a total cyber
solution
But machine learning is clearly not
the “certain” solution that was being
presented at the RSA conference
Machine learning
7


• The Advisen Cyber Risk Insights Conference was
attended by risk managers, insurance underwriters
and brokers.
• From weather to auto accidents to randomly falling
trees, the insurance world looks to find ways to
support very uncertain areas.
Advisen – the insurance industry operates in a
very UNcertain world
8
Advisen
presented the
specific costs for
over 18,000
cybersecurity
events
Advisen Cyber Risk Insights
Conference 2016
Litigation Cases
Economic Loss
Response Cost
Fines and Penalties
10
Advisen Cyber Risk Insights
Conference 2016
Predictable Risk Non-Predictable Risk
 
 
• Insurance companies such as Chubb, Beazley and
CNA presented on the trends in cyber insurance
claims
• Discussions: what they believed were predictable
risks and what were not
More data has been collected and analyzed about cyber
attacks than most of the people who attended the RSA
conference realize.
Insights from Advisen Conference
11
How many attacks
Nature of attacks
Cost of attacks
Specific numbers about
cybersecurity events
are being collected at
an impressive rate.
Technology and insurance need to come closer together.
Major takeaway
12
Insurance Industry
Develop quantified cyber risk models
based on company and market profiles.
Technology Market
Present products in terms of
reducing cybersecurity risk
for specific markets
and specific challenges.
• The risks to an online retail company are significantly
different than the risks to a power company.
• Insurance companies recognize this (premiums for
retail and healthcare are higher than other markets)
and the technology world needs to adjust as well.
For Example:
Different technology and different insurance coverage for
each vertical market
13
By next year’s cyber conferences,
we will see if these two worlds
have moved any closer together.
14
Cybersecurity
Technology
Cyber
Insurance
15
Evolver is a technology company
headquartered in Reston, VA.
Our cybersecurity solutions move businesses
away from reactive activities
and directs them into
a logical risk-based cybersecurity posture.
Click here to read more on our website. Or inquire: info@evolverinc.com

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Reflections from RSA 2016 and Advisen Cyber Risk Insights Conferences

  • 1. Reflections from RSA 2016 and Advisen Cyber Risk Insights Conferences March 15, 2016
  • 2. “Uncertainty is an uncomfortable position. But certainty is an absurd one.” Voltaire 2
  • 3. March 2016 – Two Major Cybersecurity Conferences in San Francisco 3
  • 4. Reflections from the two conferences from Evolver VP and Cybersecurity Expert Chip Block 4
  • 5. RSA Conference The technology world likes to live in certainty 5 2016 buzz word: “machine learning” Products are built that learn expected behavior over time Then look for anomalous activity to alert that a cyber attack may have, or is, occurring
  • 6. Machine learning approaches work well: In a relatively static operational environment that can be modeled and refined over time. BUT Highly dynamic and flexible environments are not good candidates for a machine learning approach Because the models never refine and defining expected behavior with confidence is never achieved. Many vendors/speakers said: Machine learning is a “solution” to cybersecurity 6  
  • 7. Does have a role in a total cyber solution But machine learning is clearly not the “certain” solution that was being presented at the RSA conference Machine learning 7  
  • 8. • The Advisen Cyber Risk Insights Conference was attended by risk managers, insurance underwriters and brokers. • From weather to auto accidents to randomly falling trees, the insurance world looks to find ways to support very uncertain areas. Advisen – the insurance industry operates in a very UNcertain world 8
  • 9. Advisen presented the specific costs for over 18,000 cybersecurity events Advisen Cyber Risk Insights Conference 2016 Litigation Cases Economic Loss Response Cost Fines and Penalties
  • 10. 10 Advisen Cyber Risk Insights Conference 2016 Predictable Risk Non-Predictable Risk     • Insurance companies such as Chubb, Beazley and CNA presented on the trends in cyber insurance claims • Discussions: what they believed were predictable risks and what were not
  • 11. More data has been collected and analyzed about cyber attacks than most of the people who attended the RSA conference realize. Insights from Advisen Conference 11 How many attacks Nature of attacks Cost of attacks Specific numbers about cybersecurity events are being collected at an impressive rate.
  • 12. Technology and insurance need to come closer together. Major takeaway 12 Insurance Industry Develop quantified cyber risk models based on company and market profiles. Technology Market Present products in terms of reducing cybersecurity risk for specific markets and specific challenges.
  • 13. • The risks to an online retail company are significantly different than the risks to a power company. • Insurance companies recognize this (premiums for retail and healthcare are higher than other markets) and the technology world needs to adjust as well. For Example: Different technology and different insurance coverage for each vertical market 13
  • 14. By next year’s cyber conferences, we will see if these two worlds have moved any closer together. 14 Cybersecurity Technology Cyber Insurance
  • 15. 15 Evolver is a technology company headquartered in Reston, VA. Our cybersecurity solutions move businesses away from reactive activities and directs them into a logical risk-based cybersecurity posture. Click here to read more on our website. Or inquire: info@evolverinc.com