In this featured article publish in June in the European Cybersecurity Journal, FERMA Board member Philippe Cotelle is drawing some first conclusions after more than 10 years of cyber insurance offering in Europe. A gap between supply and demand remains despite insurance capacities being available.
The European Commission has adopted a series of measures to increase the cyber protection of European industries and citizens including a Cyber Security Agency and EU cyber certification scheme.
The latest cyber attack illustrates that the management of cyber risks should be an enterprise-wide project directed from board level within a sound governance framework...
Economic growth is going to come from the digital economy. Digital risks have to be considered at board level because they can affect the value of the company. In this digital world, therefore, high quality risk management will contribute to the value of the business.
A unique chance to get insights on the way the US federal government is supporting businesses to mitigate cyber risk. With the exclusive presence of the Honorable John Carlin, US Assistant Attorney General for National Security.
The Risk Manager must be responsible, as for others risks, for the quantification aspect of cyber security. It is a necessary step towards understanding and managing the exposure of the company. He/she should act as a facilitator between the Board and the operational department (IT, Finance, Legal and other functions).
The following speech was delivered at a conference on cyber risks at the European Parliament on 23 February 2016.
Cyber security requires an enterprise-wide approach, and the risk manager’s role is to help the company achieve effective, data-based enterprise risk management, the Federation of European Risk Management Associations (FERMA) has told the European Commission.