Cyber News

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Accountants & Solicitors Ignore Cyber Risks

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.

PRA challenges firms on silent Cyber risk

Insurance firms need to act on cyber risk

The Prudential Regulation Authority (PRA) is proposing and a new supervisory statement (SS) setting out its expectations for the prudent management of cyber underwriting risk in a new consultation paper.

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.

WEBCAST | Cyber: a review of the market

This Webcast looks at how the cyber insurance market has developed over the past 10 years. Sarah Hewitt and Matt Hogg discuss how cyber cover can vary, what makes a good policy and what the future may hold.

PWC Global State of Information Security Survey 2016 report

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.

PWC Insurance 2020 report | reaping the dividends

Reaping the dividends of Cyber Resilience

Businesses across all sectors are beginning to recognise the importance of cyber insurance in today’s increasingly complex and high risk digital landscape.

In turn, many insurers and reinsurers are looking to take advantage of an opportunity to secure new business with potentially good margins in an otherwise soft market.

Cyber Essentials: new Government funding scheme now open for SMEs

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.