Month: July 2020

COVID-19: Insurance Disclosure and Risk Management Guidance

These are certainly unprecedented times. Following recent announcements, we appreciate that businesses have changed quite literally overnight. We have clients with empty buildings and no workers in attendance, while others have started to provide new products or services or deploy them in a different way. To this end, we wanted to drop you a note …

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Most businesses continue to exist in the dark about cyber risks and protection

According to a recent survey carried out by Aon, eight out of 10 SMEs don’t see cyberattacks or data loss as a significant risk for their business and over half our still confused about the way GDPR rulings affects their business. A Hiscox report in 2019 surveyed more than 5,400 small, medium and large businesses …

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Are you doing enough to protect your business from Cybersecurity threats?

As businesses and organisations widen their digital online reliance, critical services and aspects of our daily lives and routines are increasingly enabled by vulnerable systems and processes. The threat to businesses is wide and varied with exposure to cyber-attacks such as commodity malware, ransomware, viruses, social engineering and numerous other threats that continue to antagonise …

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Cyber Loss Prevention Forum Launched to Tackle Rising Costs to Business of Cyber Attacks and Fraud

Riskworks have teamed with security software and fraud prevention experts VaultConnect to help business leaders better understand their exposure and how to reduce the total cost of fraud and cyber attack. According to the Cyber Security Breaches Survey 2018, almost half of UK businesses suffered a cyber-attack or security breach in the last financial year. According …

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Cyber threats – How can companies brace for the storm?

Governments and industries worldwide are engaged in a race without a finish line.  Adversaries will be continually adjusting their strategies and be identifying new targets and more destructive attacks. While there are many technological advances that will form part of the solution, businesses need to be looking at the organisation as a whole identifying the …

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GDPR compliance to strengthen overall cyber risk management.

Complying with the GDPR by 25 May 2018 is a business-wide challenge that will take time, tools, processes, and expertise. It may also require significant changes in an organisation’s privacy and data management practices. But focusing on the scramble to comply with GDPR, while important, misses the broader impact that compliance efforts are having. In …

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