Cyber News

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Accountants & Solicitors Ignore Cyber Risks

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By Duncan Sutcliffe

As an insurance broker my clients expect me to appraise what is valuable and important to their business, assess the potential threats, the consequences of an incident and then advise on ways to reduce the risks and recommend relevant insurance to mitigate any potential losses.  When it comes to Cyber Risk - and despite the constant warning from government, experts and the media - getting business owners to act responsibly is tough.

New British Standard BS 31111 for Cyber Risk and Resilience

A major new British Standard [BS 31111] is in development to help senior executives and risk managers improve their cyber risk management and build the cyber resilience of their organizations.

Over the past year, the BSI Risk Management Committee has been working on developing new guidance that aims to help top executives better understand and manage the technology risks to their organizations.  

PWC Global State of Information Security Survey 2016 report

pwc Insurance 2020 report | download link 2016 Global Survey from PWC 

As threats continue to mount, understanding and managing cybersecurity risks have become top of mind for leaders in business and government.

Organisations are responding by taking action adopting innovative technologies like cloud-enabled cybersecurity, Big Data analytics and advanced authentication to reduce cyber-risks and improve cybersecurity programmes.

Cyber Essentials: new Government funding scheme now open for SMEs

New funding available for Cyber Essentials A new scheme which enables SMEs to apply for up to £5,000 to cover cyber security, including Cyber Essentials advice and certification, is now open for applications

On 16th July the Government announced a new Innovation Voucher scheme. This complements an existing scheme and enables SMEs to apply for funding towards the cost of cyber security advice and certification, including  Cyber Essentials. The current round for applications closes at midday on 20 October.

Report recommends Public-Private Reinsurance scheme to support UK prosperity

Long Finance Cyber Catastrophe Report - Reinsurance and UK prosperityA new Long Finance report finds that a public/­private cyber­ catastrophe reinsurance scheme would support UK cyber prosperity while adding clarity and certainty in the insurance market

This is the conclusion of the Z/Yen Group/Long Finance report titled "Promoting UK Cyber Prosperity: Public-­Private Cyber­-Catastrophe Reinsurance".