Cyber threats in the alternative investment industry are growing increasingly larger and more sophisticated, requiring hedge fund managers to maintain sufficient infrastructure to prevent and respond to any breaches. See “Hedge Fund Managers Are Advised to Build Robust Infrastructure” (Mar. 3, 2016); and “Essential Tools for Hedge Fund Managers to Combat Escalating Cyber Threats” (Feb. 4, 2016). A key component of that infrastructure is a cyber insurance policy to reimburse the hedge fund manager for costs incurred defending against a cyber attack and loss of data caused by the attack. A recent alternative asset manager forum sponsored by insurance advisory and brokerage firm Crystal & Company offered a look at the current cyber threat landscape, cybersecurity preparedness, breach response and cyber-liability insurance from the insurance, legal and forensic perspectives. The panel was moderated by Sandy Crystal, executive vice president at Crystal & Company, and featured Austin Berglas, a senior managing director and head of cyber defense at investigation and consultancy firm K2 Intelligence; Christopher Liu, head of cyber risk in AIG Property & Casualty’s financial institutions group; Paul Miskovich, a senior vice president at AXIS Insurance; and John F. Mullen, managing partner of Lewis Brisbois Bisgaard & Smith. This article summarizes the panelists’ key insights. For more on the cost of cyber threats, see “Cybersecurity and Outsourcing Remain Key and Potentially Costly Operational Issues for Hedge Fund Managers” (May 5, 2016).