Cyber Insurance Explained: What Blue Teams Need to Know Before an Incident

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From teaching AP art history to brokering cyber insurance deals. πŸŽ“βž‘οΈπŸ›‘οΈ

In this episode of Simply Defensive, Josh Mason and Wade Wells sit down with Andy Runyan from Yukon to break down everything blue teamers need to know about cyber insurance β€” before an incident happens. Andy shares his unconventional journey from fourth-generation educator and baseball coach to becoming a cyber insurance specialist, and explains why understanding your policy is just as important as your incident response plan.

What you'll hear:
πŸ”Ή How cyber insurance actually works (and what it doesn't cover)
πŸ”Ή Why having an incident response retainer matters β€” before you need it
πŸ”Ή The role of cyber insurance in incident response and recovery
πŸ”Ή Third-party contract requirements and state mandates on the rise
πŸ”Ή Common mistakes companies make when filing claims
πŸ”Ή FTC Safeguard Rules and what they mean for businesses
πŸ”Ή How to prepare your organization for cyber insurance requirements
πŸ”Ή What lowers premiums (and what should, but doesn't)

Why This Matters for Blue Teamers:
If you're in a SOC or handling incident response, you will interact with cyber insurance at some point. Understanding how policies work, what triggers coverage, and how to prepare can make the difference between a smooth recovery and a catastrophic financial loss. This episode gives you the insider knowledge to help your organization be ready.

⏱️ Timestamps:
00:00 Introduction and Welcome
00:15 Andy's Unique Background: From Teacher to Cyber Insurance
03:00 Getting Into Cyber Insurance in 2019
04:00 The Wild West of Cyber Insurance During COVID
06:00 When Companies Actually Buy Cyber Insurance
08:00 What Blue Teamers Need to Know About Insurance
10:00 The Problem with Incident Response Retainers
12:00 How Insurance Companies Handle IR vs. What You Need
15:00 Multi-Factor Authentication and Premium Discounts
18:00 Why Having an IR Plan Doesn't Lower Your Premium (But Should)
21:00 Third-Party Contract Requirements on the Rise
24:00 State Mandates: What's Coming Next?
27:00 FTC Safeguard Rules and Compliance Reality
30:00 Where to Learn More About Yukon

πŸ”— Connect with Andy Runyan:
β†’ Yukon Website: https://www.ukon.com
β†’ LinkedIn: https://www.linkedin.com/in/andy-runyan
β†’ Email: andy.runyan@ukon.com

πŸ‘₯ Connect with the Hosts:
β†’ Josh Mason: https://www.linkedin.com/in/joshuacmason/
β†’ Wade Wells: https://www.linkedin.com/in/wadingthrulogs/
β†’ Swimlane: https://www.linkedin.com/company/swimlane


πŸ‘ If you enjoyed this episode, don't forget to like, subscribe, and share with your fellow defenders. Every week, Josh Mason and Wade Wells bring you practical, no-fluff conversations with cybersecurity professionals who are doing the work.

πŸ’‘ Brought to you by ThreatLocker – Secure your business with zero trust application control. https://www.threatlocker.com/simplydefensive

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Cyber Insurance Explained: What Blue Teams Need to Know Before an Incident
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