Category Archives: Cyber Risk

The Network Information Systems Directive and the requirement on directors to get a little more technical

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Chances are you’ve heard about the GDPR (General Data Protection Regulation), but how about its lesser known cousin, the Network Information Systems Directive (NIS Directive)? This came into force in the U.K. on May 10, 2018, through the Network Information … Continue reading →

Three key steps for addressing cyber risk in the construction industry

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Virtual reality and artificial intelligence are becoming integral parts of the construction industry. But with its widespread adoption comes new risks that call for a more sophisticated approach to risk management. It’s the phone call no contractor wants to receive … Continue reading →

Cyber ranks highest among directors’ concerns in a crowded field

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Hot off the press, our latest Directors’ Liability Survey and review of the legal and regulatory landscape affecting directors and senior executives makes for fascinating reading. This is the sixth collaboration between Willis Towers Watson and international law firm Allen … Continue reading →

5 cyber insurance trends to watch in 2019

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What will cyber insurance buyers face in the coming year? Here’s a snapshot of the top five trends to watch, based in part on our 2019 Insurance Marketplace Realities Report: Cyber risk. 1. Pricing will remain stable, and capacity will … Continue reading →

GDPR requirements for breach notification: Are you prepared?

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Just how are companies responding to Article 33 of the Global Data Protection Regulation (GDPR), requiring 72-hour notice of a data breach to EU supervisory authorities? And how are the EU data protection authorities viewing compliance? “The loss of personal … Continue reading →

Midyear update: Most dangerous risks for insurers in 2018

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In January, we wrote about 2018’s most dangerous risks for insurers, highlighting what more than 200 insurance managers cited as the top 10 risks to watch for the year. Now that we’re midway through 2018, it’s time to take a … Continue reading →

Want to create a cyber-resilient organization? Start with your board of directors

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No company — regardless of size or stature — is immune from cyberattack. Given their pervasiveness, it’s no longer enough to have a thorough, carefully constructed plan to mitigate against cyber risk. The thinking “It won’t happen to me because … Continue reading →

Should banks require commercial lending customers to have cyberinsurance?

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In light of increasingly prevalent and highly publicized data breaches, the Federal Financial Institutions Examination Council (FFIEC) recommends that banks require commercial lending customers have cyberinsurance to supplement existing risk management programs. The FFIEC’s statement isn’t a regulatory expectation, but … Continue reading →

Recent nation state cyberattacks: What they mean, and how to respond

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On April 17, 2018, the U.K. and U.S. governments issued an unprecedented statement calling out Russia as the originator of cyberattacks on businesses and public sector organizations during 2017. According to the statement, routers — the devices that direct traffic … Continue reading →

The risks and challenges of silent cyberinsurance

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You hear a lot about cyberinsurance these days and the need for it, and judging by how busy my cyber colleagues are, there’s no sign of an end to demand any time soon. Less is heard though about the so-called … Continue reading →