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Steven Schwartz

Chief Revenue Officer at Periculus

New York, United States

With a unique combination of insurance, cybersecurity, and venture capital expertise, Steven Schwartz has been at the forefront of commercializing the industry we call "InsurTech." Steven is currently the Chief Revenue Officer of Periculus, a direct-distribution, subscription-based solution for mitigating and transferring digital risk. Prior to launching Periculus, Steven led Strategy and Insurance at Cytegic, an industry-leading platform for quantifying cyber risk, and played a vital role in company's successful acquisition by Mastercard in June 2020. At Cytegic, he was responsible for driving consistent, quarterly revenue growth and supporting the company's fundraising efforts while leading their pivot into the insurance industry. In this capacity, he played a significant role in Cytegic's product strategy and quantification model to meet the unique needs across the insurance value chain. Before Cytegic, Steven was a Managing Director at one of Silicon Valley’s elite tech-company CEO coaching firms, CEO Quest, where he worked with venture capital funds in advising their portfolio member CEO’s towards accelerated growth within the insurance industry.

Recognized as an innovation leader in the fields of risk management and cybersecurity, Steven is on the Advisory Board at PACE University's Seidenberg School for Computer Science and Information Security and is a Co-Founder of both The Data Union and Personal Data Week, introducing the topic of "personal data" and its implications for society, industry and regulation such as GDPR, CCPA, NYDFS and more to more than 30k global members.

Steven spent a large portion of his career leading Business Development as a Senior Managing Consultant at UIC, Inc., where he personally managed and negotiated the risk management & insurance programs for F2000 entities paying in excess of $50M in Annual Premium across 40 countries. Mr. Schwartz began his career as the 20th employee as a Data QA Engineer at healthcare analytics start-up, TreoSolutions, through the company’s nine-figure exit five years later as a Senior Data Analyst.

Steven was nominated to NYC’s 2017 “33 Under 33” and currently holds his Investment Advisor License (Series 65) and Property, Casualty, Health and Life Insurance licenses.

Available For: Authoring, Consulting, Influencing, Speaking
Travels From: New York, NY
Speaking Topics: Insurance, InsurTech, Cyber Security, Cyber Risk Management, Personal Data, Regulation, RegTech, blockchain

Steven Schwartz Points
Academic 20
Author 6
Influencer 12
Speaker 12
Entrepreneur 0
Total 50

Points based upon Thinkers360 patent-pending algorithm.

Thought Leader Profile

Portfolio Mix

Company Information

Company Type: Company
Business Unit: Exec
Theatre: North America
Minimum Project Size: Undisclosed
Average Hourly Rate: Undisclosed
Number of Employees: Undisclosed
Company Founded Date: Undisclosed
Media Experience: 10 years
Last Media Training: 02/01/2019
Last Media Interview: 05/29/2019

Areas of Expertise

Analytics
Big Data 30.11
Cybersecurity 31.42
Digital Disruption
Digital Transformation
Ecosystems
Emerging Technology
Entrepreneurship 30.15
FinTech 30.18
Innovation 30.12
InsurTech 40.04
Leadership
Privacy 30.08
Risk Management 34.21
Sales
Startups 30.15
Supply Chain

Industry Experience

Financial Services & Banking
Healthcare
High Tech & Electronics
Insurance
Professional Services

Publications

1 Adjunct Professor
Rutgers University - Board of Advisors
Rutgers University
January 01, 2018
I'm on the Board of Advisors for Rutgers University Cybersecurity Program and often give guest lectures, participate in panel discussions and actually teach different subjects with respects to my domain expertise.

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Tags: Cybersecurity, InsurTech, Risk Management

3 Article/Blogs
Accelerating the Cyber Insurance Revenue Engine
InsurTechnews
March 13, 2019
In the arms race for cyber insurance market share, we’re seeing carriers offer more coverage while reducing premiums and the amount of data collected from their insureds

With more than 170 US Carriers now offering cyber insurance, it’s easy to see that market participation is accelerating at an alarming pace. What’s concerning, however, is that the market’s understanding of cyber risk and its financial impact has struggled to keep up with premium growth.

The limited history and lack of quantified, verified and contextual data about this emerging exposure is constraining the industry’s ability to grow. If we can’t effectively measure the financial impact of our insureds’ cyber risk and thus insurer capital requirements, how can we expect to cede more capacity to reinsurers and ultimately the capital markets through ILS in an ecosystem operating without transparency.

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Tags: Cybersecurity, InsurTech, Risk Management

What is GDPR and How Will it Affect Us?
Bitly
May 30, 2018
THE GENERAL DATA PROTECTION REGULATION (GDPR) IS A SWEEPING REGULATION DUE TO TAKE EFFECT IN THE EUROPEAN UNION (EU) MEMBER STATES AND THE UNITED KINGDOM IN MAY 2018.

Through the regulation, the EU has outlined protections for every individual citizen’s personal data. The new legislation has huge implications for companies around the world that have any kind of market in the EU. Especially businesses that rely on consumer data.

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Tags: Cybersecurity, Privacy, Risk Management

The New Cyber Insurance Paradigm
Insurance Thought Leadership
May 16, 2018
Two big problems: There is absolutely no standardization in the data that cyber insurers collect, and it quickly becomes outdated.

Across industries, many mature organizations have become acutely aware that their industrial-based business models, which strive for control, efficiency and scale, are not designed for speed, innovation or individualized customer experiences. Corporate leaders have no option but to consider using cloud-based platforms, but that introduces new vulnerabilities.

Finding an appropriate balance between cybersecurity and privacy strategy while allowing for innovation is of fundamental importance.

As all businesses will become “data companies” in the digital networked world, the cyber insurance industry needs to adapt to effectively underwrite and manage the most dynamic risk in the world.

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Tags: Cybersecurity, InsurTech, Risk Management

2 Influencer Awards
#50 InsurTech Influence List
InsurTech News
June 01, 2019
Have been regarded as a global top 50 InsurTech Influencer for over a year

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Tags: Cybersecurity, Risk Management, InsurTech

2017 New York City's "33 Under 33"
Ascent ? Insperity / StrtUp Boost / Cheddar / Rapid Square / MSCO / WISS
July 01, 2017
Invitation only award dinner among 100 of the most influential Founders and Professionals from the NYC Startup Ecosystem. Nominations are open to all those in the Greater NYC Entrepreneurial Ecosystem across 11 categories. Voting will be conducted via the RapidSquare app only. Votes can only be cast for 1 of the 6 Nominees in each Category.

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Tags: Entrepreneurship, InsurTech, Startups

1 Keynote
Scaling the cyber insurance revenue engine – building trust and revenue beyond the policy
InsurTech Insights
October 07, 2019

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Tags: Cybersecurity, Risk Management, InsurTech

2 Panels
Autonomous Vehicles and The Future of Insurance
InsurTech Insights
March 19, 2019

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Tags: Autonomous Vehicles, Cybersecurity, InsurTech

How to Effectively Underwrite and Manage Cyber Insurance in the Digital World
Digital Insurance 2018 Conference
May 15, 2018
Cyber risk is not only new and difficult to understand and quantify for directors, but it also remains difficult to understand from insurance underwriters, which ultimately confines the total amount of limits and coverage that insurers are willing to offer. Insurer's need to shift towards continuous, standardized cyber risk insights via a digital platform that streamlines the underwriting process, yet offers more comprehensive data than a standalone application and also has the data immediately available for analysis and continuously analyzing an insured's risk throughout the policy period.

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Tags: Cybersecurity, InsurTech, Risk Management

1 Webinar
How Finance Companies Use Big Data To Personalize The Customer Experience
Bitly
March 02, 2017


In early March, Global Cyber Consultants' President, Steven Schwartz, joined the CFO of Bitly, Peter Nesbit to discuss how finance companies can use big data to personalize the customer experience with advice surrounding data privacy and cyber security concerns.



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Tags: Big Data, FinTech, Innovation

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Steven Schwartz