Generative AI and cyber insurance are must-haves for city CISOs

TLDR:

• Ransomware attacks continue to be a major threat for local government cybersecurity officials.
• Generative AI, cybersecurity insurance, and procurement processes are key tools in combating ransomware attacks.

Local government cybersecurity officials discussed the ongoing threat of ransomware attacks and highlighted the importance of tools such as generative AI, cybersecurity insurance, and efficient procurement processes during a recent online event. The Center for Internet Security reported a 51% increase in ransomware attacks during the first eight months of 2023 compared to the previous year, emphasizing the need for robust cybersecurity measures. Officials from cities like Atlanta and Dallas shared their experiences with ransomware attacks and stressed the significance of emergency procurement processes for swift response.

Kim Lagrue, New Orleans’ security chief, advocated for cybersecurity insurance as a means to offset costs associated with cyber risks. Despite challenges in affordability, cybersecurity insurance can help municipalities recover from data breaches and ransomware attacks. Additionally, the discussion highlighted the role of generative AI in detecting and mitigating sophisticated ransomware threats. Educating government employees on cybersecurity awareness and emerging technologies was also emphasized as a proactive measure to strengthen security defenses.