21 - Managing Cyber Risk: The Insurance Component Leaders Shouldn't Overlook

In this episode, we take a practical look at how cyber insurance fits into the broader world of organizational risk. While we often talk about risk from a security and compliance perspective, insurance brings its own lens, which has become increasingly important as threats evolve, and claims grow more complex.

Today's guest, Mark Westcott, President & CEO of ACNB Insurance, breaks down the types of risks insurers care about most, how cyber policies are shaped and the key factors that influence underwriting decisions. We also explore how compliance frameworks and certifications play into premium pricing, risk scoring, and eligibility.

Learn about:

• The types of risks insurers prioritize—and why
• How insurers approach cyber insurance
• The connection between compliance standards, certifications and insurance rates
• Core benefits of cyber insurance beyond financial protection
• Whether regulations mandate cyber insurance and what drives adoption
• Key questions organizations should ask when evaluating cyber coverage