The Co-founder and CEO of Sequretek, Pankit Desai, discusses the relationship between cybersecurity and cyber insurance, two approaches organizations can take to protect themselves against cyberattacks. While both approaches focus on reducing the risk of cyber incidents and minimizing their impact, they differ in the nature of protection that they offer. Cybersecurity is focused on preventing cyber incidents from occurring in the first place, while cyber insurance provides financial protection in the event of a cyber incident. The article highlights the potential benefits and challenges of cyber insurance and emphasizes that organizations should prioritize cybersecurity and implement robust preventative measures to reduce the risk of cyber incidents.