Cyber Insurance and AI: Key Strategies for Risk Management

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In an era where digital innovation drives business growth, cybersecurity has emerged as a crucial concern for organizations of all sizes. From the rise of artificial intelligence (AI) to the increasing sophistication of cyber threats, companies must navigate a complex landscape to protect their assets and maintain client trust.

Fintech.ca sat down with Walid Khayate of BFL Canada to delve into key strategies for cybersecurity, exploring topics such as the role of cyber insurance, the integration of IT and OT security, and how AI is shaping risk management and client service in the insurance industry.

Khayate is the Risk Consulting Practice Leader at BFL Canada in Montreal and has extensive expertise in enterprise risk management, cyber risk management, risk modeling, risk engineering, and business resilience, he plays a pivotal role in guiding organizations through complex risk landscapes.

Cyberattacks seem inevitable in today’s digital landscape. What are the first steps companies can take to prepare for these risks?

WK: Preparation starts with understanding your organization’s unique risk profile and the value of your data. Companies often assume that cyber defence is…

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