CYBER RISK

Cyber Risk

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 have taken the data and tools used to insure cyber risk and reshaped them to shine light on how well you are managing the risk. We call it Cyber Assurance. Unlike a lot of cyber risk assessments, our approach is quantitative, based on statistical models used for underwriting cyber risk that calibrate how risk factors for your firm fit the known probability of breach based on reported cyber incidents.

There are a growing number of firms insuring their cyber risk  as part of their toolkit for reducing the impact of an event. However, organisations remain focused on trying to manage the risk, not just transfer it. The consequence for reputational damage and business disruption are such that firms want  to do everything they can to avoid a breach happening in the first place.

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 define your risks and design an effective cyber risk management programme to help protect your company.