Managing Risk: Cyber Security Strategies for the Insurance Sector

For a knowledge-based industry like insurance, the ability to harness data and extract intelligence is fundamental to success. According to a recent PwC survey, two thirds of chief executives in the sector believe creativity and innovation are very important for their organisation’s ongoing growth and sustainability. Such innovation allows insurance firms to better assess risk and fine tune pricing accordingly.

Yet, a failure to protect customer data brings risk of a different kind. A data breach is likely to result in major reputational damage, leading to loss of trust which in turn will hit the bottom line. Moreover, an increasingly strict regulatory environment opens insurance firms up to the possibility of non-compliance. Some regulatory obligations are specific to the industry – others like the EU General Data Protection Regulation (GDPR) are not. Each needs to be handled with due care and attention. To add to the challenge, today’s threat to data integrity is as likely to come from the inside as it is from the outside.

At this specially-convened CBR Dining Club event for the senior decision makers from the insurance sector, our partner LogRhythm will lay out strategies to tackle cyber threats in 2018. LogRhythm will present the case for adopting a Threat Lifecycle Management (TLM) approach, beginning with the ability to see broadly and deeply across your IT environment and ending with the ability to quickly mitigate and recover from a security incident.

Do join us for what promises to be an instructive and enlightening evening of keynote talks, interactive discussion, fine dining and high-level networking.