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RESEARCH & BRIEFINGS

Marsh and TheCityUK Cyber Report

 


Cyber incidents are increasing in frequency and sophistication as more assets go on-line and the cost and expertise needed to launch an attack reduces. While attacks on the financial system have not, so far at least, been successful, the potential exists for systemic risk that could destabilise the entire system if an event were to occur.

Marsh and TheCityUK have teamed together to produce a new report, Cyber and the City: Making the UK Financial and Professional Services Sector More Resilient to Cyber Attack, which sets out to answer the following three important questions:

  • What is the nature and scale of the cyber threat to financial institutions?
  • What are the best ways for financial institutions to protect themselves?
  • How can the UK become a beacon for cyber security?

The report also proposes the UK financial sector establishes a Cyber Forum to combat rising cyber threat and provides practical actions your firm can take to mitigate the risk through a board cyber check-list.