Cybersecurity INSIGHTS
Players in the Crypto Space
David serves as the chief insurance officer for leading insurtech, Embroker. In this role, David is responsible for providing the strategic direction and leadership for the performance of Embroker’s insurance operations which include underwriting, claims, and other functions. David is an active member of the International Association of Privacy Professionals (IAPP) and holds designations as a Certified Information Privacy Professional (CIPP/US), a Certified Information Privacy Manager (CIPM) and is a Fellow of Information Privacy (FIP).
The insurance industry, as it relates to any type of cryptocurrency/blockchain, is already a very difficult space. There’s still a lot that needs to be learned from an insurance company standpoint in ensuring all of the risks. To this, Derigiotis says:
We’re talking about a broad spectrum of things. You have bitcoin, you have the broader cryptocurrency space, you have blockchain, and you have decentralized finance, where really these are technology service providers that are tied in and utilizing different types of blockchain technology to provide different financial services. I think that the market was already very difficult to begin with. Then you have the collapse of one of the largest cryptocurrency exchanges, and no doubt tied to fraud, misappropriation of customer funds, and the domino effect that it’s had, just across the broader industry.
In this episode of Cybersecurity Unplugged, Derigiotis also discusses:
- The impact young Sam, FTX and Alameda and the insurance industry;
- Bridging between two different blockchains when hacking the crypto space;
- How to protect yourself in breaches.
