Cyber is all about assurance and risk management

When we started CRIF last year, US based publications [insurance and infosec] asked how CRIF could help a North American cyber liability market that was already 7-8 yrs old.

I made the point that the US market is very much led by third-party policies [as defined in the UK] and that first / third party would predicate better risk management.

Here is a link to an article that follows on from this theme and if you have time to read it you may see there is a growing urgency for better risk management and realising the potential for residual risk to be transferred to cyber insurance.

Cyber threats and security breaches forcing companies to re-evaluate... canadianunderwriter.ca

Risk managers are being forced to reconsider how they protect company data and proprietary information because of cyber threats and security and privacy breaches , according to a recent survey from Towers Watson

Daljitt is Chairman of the Cyber Risk and Insurance Forum. You can contact him HERE!

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Cyber Insurance

cyber risk

Social Media is a great tool – but use it wisely

What do HMV, Burger King and leader of the BNP Nick Griffin all have in common? They all show how the power of Social Media is a double edged sword and can bring more bad publicity than good.

HMV sacked the person responsible for Social Media Marketing, but failed to take control of the accounts she ran and change her passwords, she went on to post her personal thoughts on the management after being laid off. Burger King’s twitter handle was hijacked and the rumours abounded that they had been acquired by McDonalds and Nick Griffin posted the address details of individuals who opposed his policies.