Cyber Insurance, Privacy and Data Security Newsletter - July 2017

Cyber Insurance, Privacy and Data Security Newsletter - July 2017's Tags

Tags related to this article

Cyber Insurance, Privacy and Data Security Newsletter - July 2017

Published 28 July 2017

We are delighted to share Closing the Gap: Insuring your business against cyber threats with you. Launched last month, this report, produced by Lloyd's of London, KPMG and DAC Beachcroft, helps companies to understand the cyber threat landscape.

The report offers a unique assessment of the various cyber threats, broken down by sector, and ways to mitigate them. It also details the full financial impacts of data breaches and analyses some of the costs associated with recent high-profile cyber attacks. Hans Allnutt, DAC Beachcroft's Head of Cyber & Data Risk, has provided commentary on regulatory changes and litigation trends, as part of an analysis of the drivers which are increasing cyber-risk complexity.

Executive summaries in EnglishFrenchGermanItalian and Spanish are also available.

Cyber risks - Aggregation vs diversification

Many of us have thought or heard that cyber risk is the new Nat Cat. While this may be the case for some insureds, others have very low chances of facing a massive exposure.

Read more

46% of businesses suffered at least one attack in the last year, according to a recent survey by The Department of Digital, Culture, Media and Sport.

The big cyber news last month was the global outbreaks of the WannaCry worm and Petya/NotPetya malware. Their impact on companies and services across the World was heavily publicised. The risk of globally disseminated cyber-attacks continues to increase.

Read more

With less than a year until GDPR comes into force, the ICO publishes a blog on ransomware, including top tips on prevention and recovery.

Read more

Upcoming events

  • The DAC Beachcroft GC Collective series will be discussing actions required in the wake of a data breach, in Bristol later in the year.
  • DAC Beachcroft is proud to sponsor the ABI's Data Conference on 19 October in London. Entitled "Insurance in the digital world; cyber, data and technology – from hype to reality", the conference offers insight of a broad spectrum of Data Risk issues. Partners Rhiannon Webster and Mathew Rutter will be speaking on GDPR and the Internet of Things.

UK Developments

Click the below headings to read more on each of the developments...

Updates from across the world

Click the below headings to read more...

Authors

Hans Allnutt

Hans Allnutt

London - Walbrook

+44 (0) 20 7894 6925

Rhiannon Webster

Rhiannon Webster

London - Walbrook

+44 (0)20 7894 6577

Patrick Hill

Patrick Hill

London - Walbrook

+44 (0)20 7894 6930

< Back to articles