Managing and Insuring Cyber Risk

In this East Midlands Cyber Security Forum event, hosted by Santander, we looked at issues around managing and insuring cyber risk.

This event originally took place on the 21st May 2015 at the Santander branch in Liecester.

cyber-risk-event-2015

Dr Russell Price from the Cyber Risk & Insurance Forum and Tim Johnson, a Cyber Insurance specialist from Browne Jacobson, covered:

  • how insurance fits as part of an overall risk management approach;
  • an overview of the current state of the cyber insurance market;
  • the type of policies available and what they do (and don’t) cover;
  • likely future developments in cyber insurance.

We also had a short discussion session with Stephen Rhodes and Steve Williams from the Department for Business, Innovation & Skills on cyber in the East Midlands; the latest government initiatives; and the cyber landscape post-election.

A Risk Perspective

Dr Russell Price from the Cyber Risk & Insurance Forum, and Chair of the Continuity Forum, gave a presentation that looked at the role Cyber Insurance has to play in an overall approach to managing risk for a business.

Cyber insurance – an overview of policy coverage

Tim Johnson, a Cyber Insurance specialist from Browne Jacobson, looked in detail at what Cyber Insurance will cover businesses for and gave some tips on what to consider when deciding on a policy.