Emerging cyber-risk challenges for finance, insurance and technology sectors

Ma, T. (Organiser)

Activity: Participating in or organising an event typesPublic Engagement – Public lecture/debate/seminar

Description

Despite the increasing risk from information security breaches, companies have not taken sufficient steps to improve IT as defence against cyber-risks. Allianz’s (2018) survey reports that cyber-risk in terms of data loss, misuse and theft are the biggest risks of UK private firms. Insurance is one of the effective and tested mechanisms to accept the unwanted risks of the businesses thus providing economic security in the presence of uncertainty. In addition to providing economic security to the businesses, insurers provide risk management advice to mitigate the risks of their clients. Essentially, cyber-risk is a new phenomenon for both academics and the finance/insurance industry. This workshop on protection from cyber-risk will bring together academics and practitioners - people who wouldn’t ordinarily get the chance to meet - to share ideas and collaborate to develop products and risk management techniques to protect the economic damage of industry. This workshop will facilitate collaboration among academics, finance/insurance industry leaders, SMEs, several associated government and industry organisations (e.g. National Cyber Security Centre, EIT Digital Doctorial Training Centre in Security, Data-driven Innovation, Fintech Scotland etc) and seek effective ways of working together.

Funded £13,050 by NCSC.
Period6 Feb 2020
Event typeWorkshop
LocationEdinburgh, United Kingdom