Category Archives: Cyber Risk

Boards of directors must increase scrutiny, oversight of cyber defenses: Here’s how they can do it

Man with a laptop looking at computer servers in a server room

If an organization is proactive after a cyberattack, an opportunity arises. Presented with new information about what worked and didn’t, the board has a chance to strengthen the organization’s risk culture and defenses. Continue reading →

A helicopter view of airport risk

Airports are tempting targets for terrorists. The combination of high population densities, commercial aircraft from all over the globe and a symbol of national prestige require special risk controls. Continue reading →

Silent cyber risk: Insurers must try harder

Man in a dress shirt and tie looking at a computer monitor in a darkened office with colleague working behind him

Remember this? “The PRA expects that all Solvency II firms robustly assess and actively manage their insurance products with specific consideration to non-affirmative cyber risk exposures. This includes all property and casualty (P&C) covers which could give rise to cyber … Continue reading →

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

male and female construction workers wearing protective gear looking at a tablet - banner

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

woman using a tablet in a dark stairwell

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

Young man typing at a computer in a dark server room

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?

Man in a dress shirt and tie looking at a computer monitor in a darkened office with colleague working behind him

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

Close up of caution tape over a rail

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

Man holding a laptop while looking at servers with a female colleague. Both have security badges around their neck

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 →