A cyber failure or a cyber attack can have far reaching consequences for any business. Potential exposures include loss of sensitive data, theft of intellectual property, business interruption, extortion and direct physical damage and personal injury. Businesses are increasingly aware of these dangers which now featured regularly in lists of principal threats identified by boards and risk managers around the world. Many companies remain underprepared for a cyber event and are often unaware of the real extent of their exposure.
Please click here for cyber security jurisdictions from around the globe, plus links to team members who specialise in this area.
Cybersecurity. Wannacry; now Petya. What steps have you taken to protect your business?
Petya ransom-ware attack highlights again the serious effect that cyberattacks can have on all companies operating in an increasingly digitalised and interconnected marketplace. Read more
GDPR – What’s new?
It is likely that any future developments in the UK’s regulatory approach towards cyber security will seek to maintain some form of equivalence with the EU’s model. Read more
Cyberattacks make companies and governments WannaCry
Whilst the reaction from both mainstream and social media was one of shock at the extent of this weekend’s global cyber-attack, for those working within cyber-security it came as little surprise. Read more
New standard conditions for cyber insurance released by the German Insurance Association only partly eligible for the market
GDV releases standard conditions for almost every standard insurance product in the German market. Read more
Understanding the Implications of Cyber Insurance
One of the most frequent questions received by CCW Global in relation to corporate risk management is “what is Cyber Insurance, and why do we need it?”. Read more
UK Government issues Cyber Security Regulation and Incentives Review
It follows an extensive consultation with a wide range of commercial and non-commercial stakeholders.
“Nothing is certain but Death, Taxes and Cyber-attack”
It is no longer a question of ‘if’ your business will be subjected to a cyber-attack; but a question of ‘when’.
Cybersecurity in France – NIS Directive
The Directive on Security of Network and Information Systems (the “NIS Directive”) was adopted by the European Parliament on 6 July 2016. Read more
PRA Considers Cyber Insurance Underwriting Risk
The continued dependence on electronic and network-based systems means that all businesses are increasingly exposed to cyber risks. Read more
Prudential Regulation Authority Issues Consultation Paper on Cyber Insurance Underwriting Risk
Regulators have become increasingly concerned about the management of cyber insurance risk and on 14 November 2016 the Prudential Regulation Authority (PRA) issued a consultation paper on the topic. Read more
Cyber risk – mind the gap!
Cyber risks are a real and significant threat to all types of organisations, causing potentially far reaching and devastating consequences for all aspects of business and trade. Read more
BIMCO launches new Cyber Security guidelines
On 5 January 2016, BIMCO, in association with CLIA, ICS, INTERCARGO and INTERTANKO, launched guidelines aimed at preventing cyber security breaches on board ships. Read more
Cyber risk – issues involving physical damage
The idea that cyber risks are new is wearing thin, leaving behind the harsh reality that exposures to cyber risk are serious, are here to stay and seem only to be getting worse. Read more
Exposures to cyber risk for non-cyber insurers
It is unsurprising that the World Economic Forum’s Global Risk Report places ‘cyber attacks’ as the technological risk of highest concern and predicts it will remain so for the next 10 years. Read more
Singapore: An overview of the new Cyber Security Bill
From hacking into international money transfer systems to phishing email accounts, cyber criminals have been gaining in notoriety and causing lots of financial and security issues for businesses. Read more