Recent cyber events have had significant financial and reputational implications for some of the world’s most sophisticated businesses, reiterating that cyber threats must be addressed and managed.
No business is immune from the threat. It is estimated that nearly 50% of UK firms lack advanced cyber defences and the cost of cyber security incidents to March 2016 was put at £34.1bn. Even the most robust defences can be breached.
Despite this, many businesses continue to believe that traditional insurance policies such as Professional Indemnity and Crime will provide cover for losses arising from cyber-related incidents. This will not always be the case. A cyber liability policy is a valuable addition to a business’s defence strategy, particularly where first party losses are concerned and where immediate access to specialist expertise is required to mitigate a loss.
- Hear from Howden, EEF's Insurance partner, as we take you through some mock cyber attacks and look at what the incident response would be and how would your company respond.
- Learn how your business can protect itself from a cyber attack and what actions you need to take.
- Hear from EEF / RUSI on the outputs of our recent research, the implications on your business and possible actions to mitigate cyber security risks.
Head of UK Cyber, Tech PI & Intellectual Property, Howden
Struan Todd has been in the insurance industry for 10 years, working in both Australia and the UK.
He has serviced diverse and international entities throughout Europe, Asia, the Middle East and North America, facilitating PI, Tech PI, Media, Cyber and IP placements.
Struan has worked on both the underwriting and placement sides of the insurance market and he is now responsible for the Howden UK Group’s International & Domestic Cyber, Tech PI & Intellectual Property portfolio. He has completed a Bachelor of Business at the University of Technology, Sydney, a Master of Sciences in Insurance and Risk Management at the City University of London with a final dissertation concentrating on the global cyber insurance market, and has been awarded the ACII by the Chartered Insurance Institute for his completion of the Advanced Diploma of Insurance.
In 2017, he was nominated as a finalist for Rising Star Broker of the Year at the 2017 Insurance Insider’s Cyber Awards.