Category Archives: Cyber Risk

Chief Data Officers – The Case for the Defence

data storage

A large number of financial institutions (FIs) have appointed chief data officers (CDOs) over the past couple of years. I know a few of them and while they come from a wide variety of backgrounds—some technical, some business, some ‘data … Continue reading →

Cyber Threat Explodes on Mobile Devices

mobile cyberrisk

According to IDC’s quarterly report for Q3 2014, sales of mobile devices, (smart-phones and tablets) exceeded 327,000,000. There is currently something over 3 billion internet users with almost 6 billion internet devices live. The shift to mobile is pervasive and … Continue reading →

The Machines Are Coming: What Does That Mean for Liability?

robot

From Dilbert to Davos, Artificial Intelligence (AI) is entering the mainstream. Goldman Sachs believes we are “on the cusp of a period of more rapid growth in its use and applications”. Gartner describes it as “a juggernaut trend for the … Continue reading →

Boards Urged to Take Cyber Risk Seriously Before it’s Too Late

computer-dice

It is no longer a case of if a firm will experience a cyber incident, but when. That was the over-arching message from leaders in network security, regulation, law enforcement, risk management and cyber risk insurance who gathered at the … Continue reading →

Cyber Insurance Market Has Key Role to Play in Boosting Cyber Security

U.S. President Barack Obama speaks at the Summit on Cybersecurity and Consumer Protection at Stanford University in Palo Alta, California February 13, 2015.

Last week I attended the first White House Summit on Cybersecurity and Consumer Protection at Stanford University, where President Obama signed an executive order urging private industry to join forces with the federal government to strengthen data security by sharing … Continue reading →

Regulators Raise the Bar for Cyber Risk: Banks, Be Ready

money-technology

In the last six months, just about every financial institution regulatory body in the US has augmented or is reviewing its process for providing oversight of cyber security risks.   In light of the recent cyber-attacks on banks, health insurers, retailers … Continue reading →

Emerging Cyber Risks of 2015

clouds circuit

Cyber, as we know, is an emerging issue provoking much discussion. It is probably true to say that the discussion is not well informed, driven as it is by a product-centric view of the cyber world, where those products really … Continue reading →

Cyber Risks in an Increasingly Urbanised World

cyber city

Urbanisation and the evolution of mega-cities and SMART cities is inevitable and inexorable. This is an evolution that increasingly will be stimulated and enabled by ever-increasing digitisation, much as electricity did in the last century. However, as night follows day, digital enablement leads to incremental cyber security vulnerabilities. Continue reading →

What Risks Will Emerge in 2015?

storm light house

Our list of emerging risks for 2015 covers the kind of perils that keep risk managers up at night: cyber risk, oil price volatility, the changing demands of today’s workforce, the over-confidence corporations have in the ability of their entity … Continue reading →

Cyber Risk: Pre-Loss Planning

cyber plan

The threat of cyber risk (financial loss, disruption, or reputational damage caused by a failure of an organization’s information technology systems) is an increasingly critical issue that almost all organizations are faced with today. The recent data failures suffered have … Continue reading →