Page 62 - Cyber Defense eMagazine Special RSA Conference Annual Edition for 2022

some of the exposure, and some insurers prefer SMB-sized risks. A variety of insurance coverage is
available, and although cyber insurance pricing has been increasing over the past few years, coverage
is generally available.

Essentially every business that deals with sensitive information and data is vulnerable to cyberattacks –
regardless of size. With cybercriminals rapidly becoming more sophisticated in their tactics, putting
forward a holistic cybersecurity plan combining these measures is the best way for SMBs to prepare
themselves for an increasingly likely cyberattack.

About the Author

Richard Clarke, Chief Insurance Officer, Colonial Surety . As an
insurance industry veteran with more than three decades of experience,
Richard is a Chartered Property Casualty Underwriter (CPCU), Certified
Insurance Counselor (CIC) and Registered Professional Liability
Underwriter (RPLU). He leads insurance strategy and operations for the
expansion of Colonial Surety’s SMB-focused product suite, building out
the online platform into a one-stop-shop for America’s SMBs.

Richard can be reached at https://www.colonialsurety.com

62