Cyber Risk & Cyber Insurance Overview

Cyber Risk & Cyber Insurance Overview

Cyber Risk Management Adopting a Risk-Based Cyber Insurance Strategy Assess Quantify Transfer Respond Helping clients optimise the total cost of risk associated with cyber exposures Holistic integration with Enterprise Risk Management (ERM) framework: appetite, financing, and insurance Includes harmonized input from Compliance, Legal, Finance, HR, BUs, Internal Audit Cybersecurity and IT

The "integrated" path towards continuous improvement of information security Threat intelligence Vulnerability Management Penetration Test Ecc. Identity and access management Access review Segregation of duties Ecc. Strategy ISMS Training and awareness Governance and processes Asset evaluation and data classification Policy Reporting Cyber GDPR Data privacy management Data privacy governance Cyber Risk Management Cybersecurity Management Security Monitoring Incident Response e Data Breach MGMT Network & host security Business Continuity Management & DR Change Management Cloud Protection IOT cybersecurity Security Awareness

Elements aimed at mitigating the cost of the insurance policy om s r f e s ue tiviti n c ve Re line a On M BC R &D IAM P KU C BA AR AW ESS N E

Adopting a Risk-Based Cyber Insurance Strategy Identify Scenarios Define Impact Evaluate Insurance Position

Placement Strategy Risk Tolerance Maximum Probable Loss Peer Purchasing Data Budget Scope of Coverage / Control Contractual Requirements Insurable Risks Optimal Programme Market Limitations