It takes an experienced cyber risk specialist to help you assess your risk exposures and develop an effective enterprise strategy to protect your organization.
Cyber risk modeling reports produced for 1,000+ companies annually.
RESEARCH AND BRIEFINGS
Declines moderate in some regions, while cyber insurance was the outlier with 15% rate increases in the US.
RESEARCH AND BRIEFINGS
Number of Marsh clients purchasing cyber insurance coverage rises nearly one-third compared to first half of 2014.
Cyber security and information protection can be challenging for companies of all sizes. Hackers are not the only threat — today’s businesses rely on the internet for services such as online marketing, administrative functions, inventory management, credit card processing, and distribution controls. Any intrusion that disrupts delivery of these services can lead to brand and reputation damage, regulatory scrutiny, stakeholder dissatisfaction, and financial losses.
Marsh, Marsh Risk Consulting and its strategic partners can help. We’ve been a leader in combatting cyber threats since their emergence, employing a proven five-phase approach: assessment, prevention, preparation, response/mitigation, and remediation.
We are regularly asked to speak to various boards about cyber risk issues. We have placed risk transfer programs for a number of the country’s largest institutions and we’ve developed proprietary innovations such as Cyber IDEAL, which models the probability and potential financial impact of cyber events on your organization. Moreover, we constantly evolve with the market — and with your own industry — leveraging our team of cyber experts and noted industry leaders.
For you, Marsh’s cyber leadership means gaining a strategy that is multidimensional and holistic, and that accounts for the entire enterprise: operations, compliance, legal, finance, communications, and the board of directors. We’ll help you prioritize your risks and design an effective cyber risk management program to help protect your company from financial losses arising from a variety of cyber events.
Cyber and privacy risk insurance provides financial protections for information and technology related risks. “Information risks” extend beyond the risks associated with internet communications or e-commerce transactions. Losses, often arising from lost client data or unauthorized access or use of computer systems, cross every industry and every business that uses computers to communicate/ transact business.
Coverages are available for direct loss, including: loss of electronic data, business interruption and extra expenses from technology failure/system outage, liability coverage for defense expenses and damages stemming from claims. Coverage also responds to out of pocket expenses incurred by an insured to comply with privacy regulations, as well as defending the insured in a regulatory action involving a violation of a privacy regulation.
Cybersecurity is no longer just an IT issue. It is an enterprise risk issue that must be considered and addressed by many stakeholders throughout the organization. Simply throwing money at the problem will not make it go away.
A cyber-attack or other event can cause severe disruption and damage to a client’s organization. Marsh Risk Consulting partners with cybersecurity firms to offer both technical and risk management expertise, resulting in a multidimensional, comprehensive, and inclusive program tailored to the needs of your enterprise.