IIF 2017: Cyber Risks need to be addressed proactively

21 September 2017 — Daniela GHETU
Almost half (45%) of small businesses in the UK fell victim to a cyber-attack in the past 12 months, shows the Cyber Readiness Report released by Lloyd's of London specialist insurer Hiscox.

In fact, to improve both its own ability to deal with cyber attacks and to educate staff and customers about the importance of managing cyber risk, Hiscox has appointed as Special Advisor on Cyber Security Robert HANNIGAN, the former Director of The Government Communications Headquarters (GCHQ), the UK's largest intelligence and security agency.

"The risks that cyber criminals pose, both to businesses and individuals in the UK are significant and sophisticated. Cyber attacks are intrusive, costly and disruptive, which is why businesses and the public must be proactive in establishing a defense against them," said the newly appointed Special Advisor at Hiscox UK and Ireland.

In fact, the insurance industry is currently experiencing a higher exposure to the cyber risks itself as its fast and digitalization is bringing not only countless opportunities, but also some challenges and even a certain degree of vulnerability to a class of risks not entirely well known and acknowledged.

IIF2017: Insurance in the DIGITAL World Conference will address the cyber risks issues, as well as digitalization's impact on sales, underwriting, and claims management. The event will take place on 14 November 2017, at the Bristol Hotel, Vienna (AU).

A team of exquisite speakers will share their views and expertise on the new technologies available for insurers, the huge possibilities opened ahead, but also the threats posed on the insurance business by the technological advance.

More details on the event's agenda, speakers and participation terms are available here.

Registration is already opened. Click here to register online for the event.