Cyber preventative measures and claims management

The use of, and reliance on IT and the Internet for pretty much all organisations in developed nations is as ubiquitous as the trust that users and organisations place in such technologies. The trouble is that the trust is mostly misplaced. Whilst it is possible to make many technologies relatively secure, the perceived sacrifice of usability is not one many users are prepared to make. Criminals know this and like vultures to a kill they prey on the hundreds of thousands around the world that pay little heed to security and blindly use IT for payments and other sensitive activities.

At present, online fraud is the single biggest area of crime in the UK and globally. Governments are able to do little to stop it and online hackers and fraudsters are making literally billions whilst they are at little risk of being caught and successfully prosecuted.

This presentation will show how the simplest mistakes can easily lead users to becoming just another statistic in the fastest growing crime spree in history. It will also show how risk transfer through insurance may well be the only option and an eventual way back to a status quo which is significantly better for modern society.

Learning objectives
By the end of this lectures, delegates will be able to identify:
•How and why we are in this mess
•The current state-of-play and why only compensation; not justice, is an option for victims
•What organisations need from good quality cyber cover
•How to spot the good, the bad and the ugly in cyber policies
•What the world of cyber risk will look like in the 2020’s

Speakers Biography
Neil is CEO at STORM Guidance, a specialist advisory firm whose aim is to help cyber insurers, intermediaries and insured clients work together on a common understanding and quantification of cyber risk and effective preparation for and management of cyber incidents.

Neil has over 30 years’ experience in cyber incident coordination, digital forensics and the security of a range of technologies. He is co-founder of the I-CIRT integrated cyber incident response team and architect of CYBER3 rapid risk review, both used by many cyber insurers to assess insured client risks and respond effectively to cyber incidents. Recently, he has conceived the Cyber|Decider solution as the world’s first cyber policy comparison engine.

With an MSc in Information Security Management from Royal Holloway, University of London, Neil also holds a range of international ICT audit and security qualifications. His book, “Information Security Incident Management: A Methodology” is popular among cyber response professionals.

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