Cyber Policy Magazine

Cyber Policy Magazine

Willis Re Launches Industry-First Cyber Risk Modeling Tool, Prism-Re(Tm)

Willis Re unveiled the insurance industry's first cyber risk modeling tool that will enable insurers to quantify and manage their portfolio exposure to data breaches, the leading cause of cyber losses. In doing so, the new model - PRISM-Re™ - is a major breakthrough in advancing the insurance industry's ability to manage cyber risk and offer wider protection against the growing tide of cyber-attacks. 

SMES’ Concerns Over Cybercrime Have Doubled

Small and medium-sized enterprises (SMEs) around the world are making greater use of the internet and are therefore becoming more exposed to potential cyber risks threats. Zurich’s survey reveals: SMEs’ greatest fear is loss of customer data and damage to their reputation resulting from a cyber-attack. However, many still believe they are too small to be at risk.

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