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Cyber Risk Masterclass Series

Identifying your top cyber security risks


2020 has seen a number of advanced cyber attacks hit organisations in Australia and around the world, , with wide-ranging, and in some cases, devastating effects. The consequences to a business following an advanced cyber attack can be varied and often difficult to predict, affecting various components of a business’s operations and administrative functions, seizing up critical systems and bringing the business to a standstill, while also compromising critical and often confidential data.

As technology becomes increasingly intertwined with the everyday operation of most businesses, many are seeking to better understand how they are specifically exposed to cyber risk, and what a cyber incident might mean for them. This then prompts the follow up question – how they can prepare for what will only become a growing exposure. Every business has its own unique cyber security risks however, getting to grips with your organisation’s particular cyber risk profile is often not a straightforward task.

In this replay, we provide practical steps that organisations can take to get their arms around their cyber exposures from both a quantitative and qualitative perspective.

Key topics this masterclass covered:

  • Understanding how cyber security risk affects your organisation holistically;
  • Understanding which metrics matter when analysing the exposure;
  • An overview of the techniques available to assist in quantifying cyber risk;
  • Factoring cyber security risk into key decision making;
  • How to put cyber risk into monetary figures – to assist in investment decisions and insurance limit determinations;
  • Guidance for talking to the risk management program to the board and other key stakeholders; and
  • Key insurance considerations

Watch the replay below.

The information contained in this webinar is based on sources we believe reliable, but we do not guarantee its accuracy. This information provides only a general overview of subjects covered, is not intended to be taken as advice regarding any individual situation or as legal, tax, or accounting advice and should not be relied upon as such. Recipients of this webinar should consult their own insurance, legal, and other advisors regarding specific coverage and other issues.

Copyright 2020 Marsh Pty Ltd

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Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.