Ep. 16 - Goodbye Ransomware, Hello Hyper Targeted Social Engineering Events: Dealing with this Shift in Cyber Insurance - with Matt Cullina

Cyber Insurance Leaders

Ransomware claims are out, hyper targeted social engineering events are in.
And they happen to everyone, from small businesses to big corporations.
Matt Cullina, Head of Global Cyber Insurance Business at TransUnion, chats with Anthony about his view on the shift in the cyber insurance market, TransUnion's "white glove" approach to cyber insurance, and more.
You’ll learn:
1. Why hyper targeted social engineering events have replaced ransomware events, and how to deal with this shift
2. The differences between small business or household risk, and corporate risk in providing cyber insurance
3. The benefits of a white glove approach in cyber insurance
4. Why a “spread the risk approach” is the way to go when it comes to underwriting
5. How Matt uses customer surveys to measure his team’s success
About Matt :
Matt Cullina is Head of Global Cyber Insurance Business at Transunion. He joined Transunion in 2021, via the acquisition of Sontiq/Cyberscout. Cullina is responsible for driving Transunion’s global growth of it’s comprehensive cyber solutions and strengthening strategic partnerships throughout the insurance markets.
He brings over 25 years of experience in cyber services, insurance research, development, and claims management. Cullina was Managing Director/CEO of Cyberscout from 2008 to 2021. He helped to guide Cyberscout’s maturity from a single product business focused on the U.S. to becoming the leading provider of personal and commercial cyber solutions to the insurance industry, with both a U.S. and global footprint.
Find Matt on LinkedIn: https://www.linkedin.com/in/matthew-cullina-7389b4a/
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About Cyberscout (A TransUnion Brand):
TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®
A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.
Website: http://www.cyberscout.com
Industry: Information Technology
Company size: 101 – 250
Headquarters: Scottsdale, Arizona, United States
Founded: 2003
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About the host Anthony:
Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children.
Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: [e-mail]
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This podcast is produced by our friends at SAWOO