McGill's Fort: Hacking Costs Go Beyond Ransom Demands

The video discusses cyber security insurance, emphasizing the need for tailored policies to address specific risks. It highlights the challenges in assessing the monetary costs of cyber risks, using examples like the Colonial Pipeline ransomware attack. The importance of preparation, prevention, and having access to the right vendors is stressed, as these can mitigate the impact of cyber incidents. The video also notes an increased focus on cyber security post-COVID, with more companies recognizing it as an enterprise-wide risk.

In what ways can companies prepare for potential cyber security events?

Why is it important to view cyber security as an enterprise-wide risk?