Navigated to Cyber Insurance Explained: What Blue Teams Need to Know Before an Incident

Cyber Insurance Explained: What Blue Teams Need to Know Before an Incident

November 17
32 mins

Episode Description

From teaching AP art history to brokering cyber insurance deals. ๐ŸŽ“โžก๏ธ๐Ÿ›ก๏ธ


In this episode of Simply Defensive, Josh Mason and Wade Wells sit down with Andy Runyan from Yukon to break down everything blue teamers need to know about cyber insurance โ€” before an incident happens. Andy shares his unconventional journey from fourth-generation educator and baseball coach to becoming a cyber insurance specialist, and explains why understanding your policy is just as important as your incident response plan.


What you'll hear:
๐Ÿ”น How cyber insurance actually works (and what it doesn't cover)
๐Ÿ”น Why having an incident response retainer matters โ€” before you need it
๐Ÿ”น The role of cyber insurance in incident response and recovery
๐Ÿ”น Third-party contract requirements and state mandates on the rise
๐Ÿ”น Common mistakes companies make when filing claims
๐Ÿ”น FTC Safeguard Rules and what they mean for businesses
๐Ÿ”น How to prepare your organization for cyber insurance requirements
๐Ÿ”น What lowers premiums (and what should, but doesn't)


Why This Matters for Blue Teamers:
If you're in a SOC or handling incident response, you will interact with cyber insurance at some point. Understanding how policies work, what triggers coverage, and how to prepare can make the difference between a smooth recovery and a catastrophic financial loss. This episode gives you the insider knowledge to help your organization be ready.


โฑ๏ธ Timestamps:
00:00 Introduction and Welcome
00:15 Andy's Unique Background: From Teacher to Cyber Insurance
03:00 Getting Into Cyber Insurance in 2019
04:00 The Wild West of Cyber Insurance During COVID
06:00 When Companies Actually Buy Cyber Insurance
08:00 What Blue Teamers Need to Know About Insurance
10:00 The Problem with Incident Response Retainers
12:00 How Insurance Companies Handle IR vs. What You Need
15:00 Multi-Factor Authentication and Premium Discounts
18:00 Why Having an IR Plan Doesn't Lower Your Premium (But Should)
21:00 Third-Party Contract Requirements on the Rise
24:00 State Mandates: What's Coming Next?
27:00 FTC Safeguard Rules and Compliance Reality
30:00 Where to Learn More About Yukon


๐Ÿ”— Connect with Andy Runyan:
โ†’ Yukon Website: https://www.ukon.com
โ†’ LinkedIn: https://www.linkedin.com/in/andy-runyan
โ†’ Email: andy.runyan@ukon.com


๐Ÿ‘ฅ Connect with the Hosts:
โ†’ Josh Mason: https://www.linkedin.com/in/joshuacmason/
โ†’ Wade Wells: https://www.linkedin.com/in/wadingthrulogs/
โ†’ Swimlane: https://www.linkedin.com/company/swimlane


๐ŸŽ™๏ธ Listen on Your Favorite Platform:
โ†’ Spotify: https://open.spotify.com/show/72QTocT5FSTSPV7o1UcMS4
โ†’ Apple Podcasts: https://podcasts.apple.com/us/podcast/simply-defensive/id1773806182
โ†’ Full Playlist: https://youtube.com/playlist?list=PL4Q-ttyNIRAr6DVrsASx1-Fv-TsooJ3M4


๐Ÿ‘ If you enjoyed this episode, don't forget to like, subscribe, and share with your fellow defenders. Every week, Josh Mason and Wade Wells bring you practical, no-fluff conversations with cybersecurity professionals who are doing the work.


=========================
Sponsored by @ThreatLocker - Free 30-day trial visit:
https://www.threatlocker.com/simplydefensive
=========================
All the ways to connect with Simply Cyber
https://SimplyCyber.io/Socials
=========================
This podcast is presented by Simply Cyber Media Group

See all episodes

Never lose your place, on any device

Create a free account to sync, back up, and get personal recommendations.