Women in Cybersecurity: Cyber Insurance with Shannan Fort, Stephanie Snyder & Carrie Yang, Aon
Stroz Friedberg is celebrating International Women’s Day, a global celebration on March 8 recognizing the achievements of women, by profiling some of the women whose work keeps our company at the forefront of cybersecurity. Throughout this month, we’ve posted interviews that highlight different career paths in technology, overcoming obstacles, and advice for other women pursuing their own careers in the industry. We hope readers will be inspired to #BeBoldForChange and join us in contributing to International Women’s Day’s vision of empowering women around the world.
As an Assistant Vice President in Aon’s cyber insurance broking team, I serve as a risk management consultant and advocate for our domestic and international clients, helping them obtain the best cyber insurance coverage for their budget and ensuring policies work in the event of claims. I am also the US-Asia Cyber Liaison, supporting the Aon Asia team in developing new cyber opportunities across Asia.
I joined Aon’s Shanghai office in 2004 after graduate school and worked on various lines of insurance. In 2015 I moved to the Cyber and Errors and Omissions (E&O) team, specializing in Network Security & Privacy Liability insurance and E&O insurance.
Cyber is the sexiest insurance in the industry right now. Companies globally are dealing with cyber risk every day and it will be a growing concern for the foreseeable future. Emerging insurance areas are exciting because, as a broker, there are new risks to contemplate when improving terms and conditions for clients and the products can be more innovative. For example, I was heavily involved in drafting the Aon Cyber Enterprise SolutionTM Policy, the first in the market to provide property damage as a result of a cyber incident and product liability coverage for IoT devices.
In two years in the cyber group, I’ve seen a significant improvement in the gender imbalance within my group and in my clients’ technical teams. Before I joined the group, there was only one female broker but now 40 percent of brokers on the team are women, including two in leadership positions. In my clients’ organizations, 30 to 40 percent of the Chief Information Security Officers (CISOs) I speak with are women. I attribute this positive trend to schools and organizations inspiring women, and successful industry role models sharing their experiences.
It’s important that we continue to challenge stereotypes and perceptions about certain professions being characteristically male or female. Men and women bring different valuable perspectives to the table and that diversity and equality is needed to reach the best outcomes. In Chinese culture, we like to break down things into two sides, Yin and Yang. They represent opposing concepts, yet are complementary; when the two forces combine, it drives the best results.
My advice to women looking to pursue a career in STEM is to not be afraid of the changes that come with new opportunities. With each change in my career came a steep learning curve, which motivated me to move forward and sharpen my professional skills. It is this variety of experience in a career that will one day allow you to connect all the dots and amass skills needed to be even more successful.
Our lawyers don’t want to miss out on the fun and would like you to know that all of the posts are the opinions of the individual authors and don’t necessarily reflect the opinions or positions of Stroz Friedberg. The ideas and strategies discussed herein may not be appropriate for any one reader’s situation and are not meant to be construed as advice.
As the Chief People Officer for Stroz Friedberg, David Crampton is responsible for all aspects of the firm’s human capital and talent management, including recruiting, professional development, and compensation and benefits. David started his professional career as a consultant for McKinsey & Co.; spent 12 years in senior operating roles with several venture-backed start-up business; and has spent the last eight years in professional development leadership roles, first with McKinsey ...