Cyber Risk Consulting For Technology Companies

Technology industry companies are at the forefront of disruptive technologies and business models. As well as having well-established and significant intangible risk exposures, technology companies provide products and services which inherently create, amplify, and attract cyber risks. Furthermore, they have their own industry specific approaches to risk management and transfer ((re)insurance), meaning they require advanced and specialised industry solutions. For tech companies, cyber risks are a significant component of their overall risk landscape. These challenges are typically encountered by our clients and raise the following questions:

What is our cyber risk? Every organisation has different cyber exposures and the potential impact on an organisation is constantly evolving.
How mature is our cyber security? Does it match our cyber risk landscape?
What are our key loss scenarios from a frequency and severity perspective, and how do our existing controls mitigate them, focusing on high-severity low-frequency catastrophe events?
How are such loss scenarios quantified and what are their potential financial impacts?
What level of risk transfer reinsurance protection do we already have, across the entire insurance portfolio, and what is the most efficient and effective way to provide risk transfer for our key loss scenarios and cyber risk categories?
Are our (re)insurance limits high enough and does the overall risk transfer strategy provide relevant protection?
Is our overall risk finance strategy relevant and are we transferring, retaining and managing risk in an optimal fashion?
From a loss mitigation and crisis management perspective, would our crisis management and (re)insurance programmes respond adequately and appropriately to our likely loss events?

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Cyber Risk Consulting For Technology Companies

Cyber Risk Consulting For Technology Companies