Cyber Security Insurance: Is Regulation the Answer?
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Cyber Security Insurance: Is Regulation the Answer?
18th March 2021 @ 3:00 pm - 4:00 pm
The cyber security insurance market never took off as expected and is currently facing a major crisis as claims from companies hit by the escalating ransomware wave hit the insurers. Still, Jan Lemnitzer argues that a well-regulated insurance market could provide protection to companies and solve the big issue in cybersecurity that years of awareness campaign could not tackle: the IT security standards in many smaller companies remain shockingly low. Compulsory cyber insurance for SMEs tied to an externally set minimum standard in IT security could be the solution to the out of control ransomware problem.
At this event, the Henry Jackson Society is pleased to host Dr Jan Lemnitzer, who will present his latest research, and is joined by Dr Asaf Lubin to bring criticism and insight from the market developments in the United States.
Jan Martin Lemnitzer is the founder of JML Cyber Policy Consulting and teaches cyber security policy at the Department of Digitalization, Copenhagen Business School. He was co-organiser of the 2018 Odense Cyber Security conference (together with the ECFR) funded by the Danish Tech Ambassador and researches the emergence of cyber norms, national cyber strategies, the potential of cyber security insurance and cyber security company ratings, and the question of neutrality in cyber space.
Dr. Asaf Lubin is an Associate Professor of Law at Indiana University Maurer School of Law and a Fellow at IU’s Center for Applied Cybersecurity Research (CACR). He is additionally an affiliated fellow at Yale Law School’s Information Society Project, a Faculty Associate at the Berkman Klein Center for Internet and Society at Harvard University, and a visiting Scholar at the Hebrew University of Jerusalem Federmann Cyber Security Research Center. Dr. Lubin’s research centers around the intersection of law and technology, particularly as it relates to the regulation of cybersecurity harms, liabilities, and insurance as well as policy design around governmental and corporate surveillance, data protection, and internet governance. His work draws on his experiences as a former intelligence analyst, Sergeant Major (Res.), with the IDF Intelligence Branch as well as his vast practical training and expertise in national security law and foreign policy. Dr. Lubin’s work additionally reflects his time spent serving as a Robert L. Bernstein International Human Rights Fellow with Privacy International, a London-based non-for-profit devoted to advancing the right to privacy in the digital age and curtailing unfettered forms of governmental and corporate surveillance.
Dr Danny Steed is a research fellow who is particularly engaged in the Henry Jackson Society’s Centre for Cyber, Data, and Online Threats. Previously Danny was Lecturer in Strategy and Defence at the University of Exeter, where he created and delivered numerous courses specialising in national security strategy to student, professional, and military cadres. Danny has also worked in UK government service in an operational cyber security capacity. Since then, Danny has been in private industry as a Head of Strategy. During that time, he avidly continued his own scholarship, as a visiting fellow to both the University of Cranfield and the Cyber Norms Program at the University of Leiden in 2019, and continuing to contribute to taught courses, publications and academic events. He is the author of two books, British Strategy and Intelligence in the Suez Crisis, and The Politics and Technology of Cyberspace, published by Palgrave in 2016 and Routledge in 2019 respectively.
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