Lloyd’s wants government to share data on cyber attacks
Thursday, 12 01 2016, Category: Technology, Country: United Kingdom
Lloyd’s of London is urging the UK government to share data on cyber-attacks as the industry braces for stricter data protection rules in the European Union (EU).
Speaking to the Financial Times, Lloyd’s CEO Inga Beale sought better cooperation with the government ahead of the implementation of the EU General Data Protection Regulation in May 2018.
The upcoming measure will require businesses to report details of cyber-attacks to the authorities. According to the Financial Times, Beale is hoping that the industry can use “anonymised versions” of the company reports to improve insurance pricing.
Source: Insurance Business