At CyberCube’s Foresight conference in London, Admiral Michael Rogers drew parallels between the insurance sector’s battle to accurately model for changing cyber risks and his experiences as the 17th Director of the National Security Agency (NSA) and Commander of US Cyber Command.
Rogers, who retired from active duty in June 2018 and joined the board of CyberCube last year, shared his thoughts on the threat intelligence landscape from a military point of view.
“The insurance sector focuses on probability, severity and frequency,” he said. “In the US government we looked at what were the most likely scenarios and the most potentially challenging. For example nuclear attacks had a lower probability of happening but we could not - no matter how low the probability - let it happen."
He underlined the importance of the insurance industry partnering with other sectors. “Data gives us knowledge and insight. We can understand the dynamics in the environment and combine it with knowledge and insight."
"How do we anticipate what is going to happen next? I look at the data in insurance, and particularly with clients. If you can pool together and get a deeper understanding, you can participate better. Partnership is fundamental.”