Marsh Canada  

CYBER RISK


Marsh works with leading cyber risk insurers to develop cyber risk insurance protection for a wide range of Internet and network exposures.

Cyber RiskInternet and networked technologies have changed many aspects of how business operates. The ability to readily store and share data across interconnected networks has created new efficiencies in sales and marketing, data access and retrieval, and vendor relations and interaction.

While the benefits of using Internet-based and other technologies are numerous, so are the inherent risks, creating exposures that were virtually unheard of two decades ago.These include:
  • theft or manipulation of sensitive or private information, such as financial or health records;
  • computer viruses that can destroy data, damage hardware, cripple systems and disrupt a business' operations; and
  • computer fraud.
Unfortunately, Internet and network exposures are increasingly subject to exclusion from "traditional" insurance policies since commercial general liability and property policies were originally designed to respond to liabilities and natural perils that damage physical assets. With Internet-based technologies, "i-exposures" are largely intangible, the result of human error, or deliberate malicious attacks and crimes.

To protect against these and similar exposures, Marsh offers risk management and insurance solutions to address these complex risks, including: detailed insurance gap analysis;
  • network security survey to assess vulnerability;
  • security policy review and development;
  • network vulnerability scans; and
  • assessment of internet connectivity vulnerability.
Marsh works with leading cyber risk insurers to develop cyber risk insurance protection for Internet and network exposures, including: liability: privacy and confidentiality;
  • copyright, trademark, defamation;
  • malicious code and viruses;
  • business interruption: network outages, computer failure;
  • attacks, unauthorized access, theft, Web site defacement and cyber extortion;
  • technology errors & omissions; and
  • intellectual property infringement.
Marsh Risk Management Research
Advanced Cyber Attacks on Global Energy Facilities
April 07, 2014  |  Views: 152 |  Comments: 0 
Advanced Cyber Attacks on Global Energy Facilities
This Marsh research paper looks at how energy firms are being disproportionately targeted by increasingly sophisticated hacker networks.  >>
Global Insurance Market Quarterly Briefing — February 2014
February 05, 2014  |  Views: 480 |  Comments: 0 
Global Insurance Market Quarterly Briefing — February 2014
Global insurance rates trended downward in the fourth quarter of 2013 in all regions except the US.  >>

Additional Thought Leadership
Marsh Insights: Identity Theft
April 01, 2014  |  Views: 3499 |  Comments: 0 
Marsh Insights: Identity Theft
Identity theft is not a new concept. As long as there has been a potential to gain from the misappropriation of personal information, it has existed. However, technology has helped...  >>
World Economic Forum: Global Risks 2014
January 16, 2014  |  Views: 1426 |  Comments: 0 
World Economic Forum: Global Risks 2014
Top global risks include fiscal crises in key economies, unemployment, water crises, and income disparity   >>
Webcast: Balancing Social Media Risks and Rewards (Replay)
April 22, 2013  |  Views: 2819 |  Comments: 0  | Article Rating
Webcast: Balancing Social Media Risks and Rewards (Replay)
Our panel of experts discussed how social media risk can affect your business and detailed strategies for limiting the exposure.  >>
Risk Spotlight: Social Media Strategy Should Include Risk Evaluation
April 03, 2013  |  Views: 1799 |  Comments: 0  | Article Rating
Risk Spotlight: Social Media Strategy Should Include Risk Evaluation
Without savvy management of social media exposures, your company's brand and reputation could be in jeopardy.  >>
New Reality of Risk Webcast: Cyber Risk and the CFO
April 12, 2012  |  Views: 4572 |  Comments: 0  | Article Rating
New Reality of Risk Webcast: Cyber Risk and the CFO
On Thursday, May 3 at 2 p.m. ET, experts from Marsh and elsewhere held a one-hour New Reality of Risk webcast, “Cyber Risk and the CFO”.  >>
Risk Spotlight: Cyber Security—From the IT Department to the Boardroom: Are You Ready For the Call?
April 03, 2012  |  Views: 2631 |  Comments: 0  | Article Rating
Risk Spotlight: Cyber Security—From the IT Department to the Boardroom: Are You Ready For the Call?
This month’s Risk Spotlight looks at the issue of cyber security and how risk managers can best to prepare for the inevitable phone call from corporate leaders.  >>
Social Media May Expose Companies to Cyber, Reputational Risk
April 02, 2012  |  Views: 2437 |  Comments: 0  | Article Rating
Social Media May Expose Companies to Cyber, Reputational Risk
In the age of social media proliferation, organizations are often exposed to significant cyber and reputational risks. Common social media strategies include maintaining a Facebook...  >>
Global Risks 2012
January 25, 2012  |  Views: 2260 |  Comments: 0 
Global Risks 2012
The World Economic Forum's report focuses on three key risks that can undermine the progress made by globalization   >>
New Reality of Risk Webcast Series
January 18, 2012  |  Views: 2431 |  Comments: 0  | Article Rating
New Reality of Risk Webcast Series
Stay abreast of trends in the Canadian insurance market, gain insights from guest speakers who are experts in their fields, and discover new ways to proactively manage risk - Marsh...  >>
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Business Continuity Management For Legal and Financial Advisory Firms, Accountants, Life Agents, and Dispute Resolution Specialists
July 08, 2013  |  Views: 4970 |  Comments: 0  | Article Rating
Business Continuity Management For Legal and Financial Advisory Firms, Accountants, Life Agents, and Dispute Resolution Specialists
Business interruptions caused by natural or unforeseen events are becoming increasingly prevalent and, in many instances, good governance dictates that organizations should be prep...  Read More...
Communications, Media and Technology Risk
February 17, 2011  |  Views: 3330 |  Comments: 0 
Communications, Media and Technology Risk
Marsh’s Communications, Media and Technology Practice (CMT) is one of the global leaders in providing risk consulting and risk transfer solutions to organizations in these continua...  Read More...
Network Security and Privacy Liability Risk
February 17, 2011  |  Views: 3936 |  Comments: 0  | Article Rating
Network Security and Privacy Liability Risk
Marsh's Communication, Media and Technology (CMT) Practice is a global leader in providing risk consulting and risk transfer solutions to organizations in the CMT sector. With a ne...  Read More...
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Social Media May Expose Companies to Cyber, Reputational Risks
June 15, 2011  |  Views: 5884 |  Comments: 0 
Social Media May Expose Companies to Cyber, Reputational Risks
Although social media strategies such as maintaining a Facebook page or Twitter feed, provide organizations with a wide range of opportunities, they also expose them to new risks.  Read More...
Social Media May Expose Companies to Cyber, Reputational Risk
August 30, 2010  |  Views: 4870 |  Comments: 0  | Article Rating
Social Media May Expose Companies to Cyber, Reputational Risk
In the age of social media proliferation, organizations are often exposed to significant cyber and reputational risks. Common social media strategies include maintaining a Facebook...  Read More...
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February 05, 2014  |  Views: 8
Global Insurance Pricing Declines in Fourth Quarter: Marsh
Premium content
US only region with higher overall renewal rates.  Read More...
January 16, 2014  |  Views: 973
Worsening Wealth Gap Seen as Biggest Risk Facing the World in 2014
World Economic Forum Global Risks 2014 report: The chronic income gap between the rich and poor is most likely to cause damage globally in the next decade.  Read More...
January 15, 2013  |  Views: 2181
Global Insurance Rate Firming Slowed in Q4, Despite Sandy
US east coast storm not expected to be market-changing event  Read More...

Contacts
Michael Petersen
Practice Leader/Directeur de groupe d’expertise
Ottawa Canada
613 725 5257
michael.e.petersen@marsh.com