Leaders’ Breakfast: The Cyber Protection Gap 28th November

?Now that “data is the new oil”, having taken over as the world’s most valuable commodity, cyber-crime has become one of the biggest risks…

?Now that “data is the new oil”, having taken over as the world’s most valuable commodity, cyber-crime has become one of the biggest risks to organisations – particularly SMEs.

Yet despite the scale of this exposure to risk, research shows that over 90 per cent of insurers and brokers remain under-equipped, or perhaps unwilling, to offer support to clients seeking to protect and mitigate against cyber-attacks.

The estimated cost to British businesses of hacking, denial of service, data theft or other types of electronic fraud runs into the billions every year. As well as loss of revenue, the damage can include business interruption, brand and reputation damage, loss of customers and liabilities and regulatory breaches.

So what are the answers? We believe this represents one of the biggest current gaps – and therefore opportunities – in the insurance market today. How do we ensure the industry is better equipped with the skills, knowledge, technology and products to be able to offer a better solution?

Please join us and a small guest list of insurers, brokers, fintech and insurtech leaders, to share insights, experiences, and real-life case studies of how we might be able to collaborate to meet the challenge of the 2020s.