Following AIG’s recent investment in K2 Intelligence, Austin Berglas, head of the firm’s U.S. Cyber Investigations and Incident Response, was profiled in conjunction with AIG’s cyber-attack insurance offerings. In “Worried About a Cyber-Apocalypse? AIG Wants to Sell You a Policy” (BloombergBusiness, 22 July 2015), Austin notes that in the aftermath of a cyber attack, “You’re not only dealing with a cyber-incident, but now you have to get folks stranded in a subway in the middle of tubes, or people stuck in buildings.”
Bob Brenner, executive vice president and chief legal officer at K2 Intelligence, further explains: “It’s pretty clear you can’t mitigate all risks. There’s a role for insurance for offloading a certain portion of that risk that can’t be protected overall, so that people can feel comfortable that they are going to continue to exist, even if there is a significant event.”
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