IT Risk Assessment | Intellectual Property Insurance with JLT

Cyber and IT Risk

With so much business now carried out online and across networks, vital information and web-based applications are increasingly vulnerable. While loss of mission-critical data can be catastrophic, organisations also face regulatory enforcement where privacy and security-related controls are breached.

Unauthorised use of computer networks, identity theft, spyware, phishing and malicious code are some of the risks posed by those with harmful intent. However, operator errors and network outages can be equally disruptive to your business.

Traditional insurance polices rarely cover these types of threat.

Furthermore, changes in regulation and technological advances can quickly render policy wordings obsolete.

At JLT, we recognise these problems and realise that your needs are specific to your business and industry sector. Our experienced Cyber and IT team understands this market and is designed to work closely with you to ensure that your evolving needs are always met by bespoke policy wordings.

As well as particular expertise in:

privacy and network security

first party losses arising from accidental or malicious incidents

media liability losses

crisis management costs

cyber fraud

reputational risk

intellectual property rights including patent infringement.

We have a well established reputation for innovation in cyber and IT risk control and expert knowledge of the communications and technology sectors.

For over a decade we have been providing advice, solutions and access to the London insurance market to many leading corporations across the world. This experience has enabled us to develop a specific insurance product which offers you comprehensive levels of cover across your cyber and IT-related risks.

Cyber Warfare

The traditional view of warfare involves people, guns, bombs, tanks, ships and aircraft mercilessly deployed with a determined purpose to cause physical destruction and death to all those that block their way, to the point of annihilation or surrender. Cyber or Information warfare is not entirely differing in its endgame or approach save that the methodologies corralled to achieve the final result involve electronic means. The power of the computer has grown exponentially since the early days of the Internet.

Risks in the cloud

At a recent conference on cyberspace in Philadelphia, one panellist warned the audience: 'Be terrified of the cloud'. He may have been seeking a reaction, but his comments nevertheless carry some justification. There are several sound reasons why cloud computing, a general term for anything that delivers hosted services through the internet, should give its users a great deal of concern.

JLT Events

JLT host a range of events throughout the year. To find out more click below.

	08/11/2011	Risks in the cloud
	04/10/2011	JLT Specialty Limited shortlisted for National Broker of the Year 2011
	01/07/2011	Creating choice through specialist insight
	17/06/2011	Contingent Business Interruption, insurable or not? Ask JLT
	01/05/2011	Cyber Warfare - May 2011