”A major challenge for this market is how to deal with the most extreme forms of risk – major state-sponsored attacks, major catastrophic incidents across a large number of clients. Cyber-physical events that begin in cyberspace but still go out into the world with societal consequences. They’re very difficult to model and price. If a major incident was to happen it would overwhelm the capacity of cyber insurance markets” Jon Bateman – Fellow in the Cyber Policy Initiative of the Technology and International Affairs Program
Source: ZDNET
About Jon Bateman
Jon Bateman is a senior fellow in the Technology and International Affairs Program at the Carnegie Endowment for International Peace. His work focuses on large-scale policy challenges such as U.S.-China tech tensions, global influence operations, and systemic cyber risk. He is the author of U.S.-China Technological “Decoupling”: A Strategy and Policy Framework.
Before joining Carnegie, Bateman was special assistant to Chairman of the Joint Chiefs of Staff General Joseph F. Dunford, Jr. He led strategic analysis in the chairman’s internal think tank and was the chairman’s first civilian speechwriter.
Bateman also served as director for cyber strategy implementation in the Office of the Secretary of Defense. He led development of the first comprehensive policy for military cyber operations, helped to establish a unified Cyber Command, and co-founded the Secretary’s Principal Cyber Advisor Staff to oversee all defense cyber activities.
