cyber risk

New British Standard BS 31111 for Cyber Risk and Resilience

A major new British Standard [BS 31111] is in development to help senior executives and risk managers improve their cyber risk management and build the cyber resilience of their organizations.

Over the past year, the BSI Risk Management Committee has been working on developing new guidance that aims to help top executives better understand and manage the technology risks to their organizations.  

Ace Group Expands European Cyber Risk business

Ace Group announce launch of cyber risk giving greater underwriting and risk management capability across EuropeACE Group today announced the launch of a new, independent cyber risk business unit as it continues to strengthen its local underwriting and risk management capabilities across Continental Europe and build its market leadership in this growing area of emerging risk.

The announcement follows research by ACE which indicates that cyber is a “top three” emerging issue for European risk managers and represents a further evolution of the work of ACE’s global cyber practice, first established in 2014.

Fortune Live | Video clip looking at the fallout from the Sony Cyber Breach

Interesting Video clip covering the consequences and fallout from the Sony Hack as featured on FortuneLive.

Video from Fortune Live looking at the fall out from the Sony Cyber Breach Robert Herjavec makes it clear that the cost and impact goes far beyond Sony and signposts the way to both major change in markets, particularly insurance. He predicts board level and government focus sharpening and that the frequency and severity is getting worse and worse.  

The Achilles Heel: What the Board must know about Cyber Risk

Cyber Risk and the boardroom | what business leaders must know!Companies of all sizes have recognised the tremendous opportunity the Internet presents for conducting business. But great reward also comes with great risk.

Cyber Risk has now emerged as a high-profile problem; so much so, it has been escalated to third position on the corporate boards risk register.

In the 21st century everyone needs to take cyber risk seriously.


Managing Risk in the Cloud - Ace Group White Paper

Weighing the risk and benefits of could computing - White Paper - Ace GroupCloud computing is a landscape-altering technology that is enjoying increasing rates of adoption — often implemented, however, without taking sufficient risk management precautions.
Risk managers need to have a deep understanding of what cloud computing is, and why they need to be aware of it. While there are numerous advantages to adopting the cloud, there are also abundant risks, and having a comprehensive risk management plan in place is critical.