Cyber controls dubbed “not fit for purpose”
Friday, 02 24 2017, Category: Technology, Country: World
Specialist Lloyd’s insurer Novae Group has produced a report which suggests that cyber risk controls that meet international standards might not be fit for purpose – while a separate report by Deloitte suggests cyber insurers need to rethink their approach.
The insurer teamed up with the University of Oxford, led by Professor Sadie Creese, and together they found that insurance alone is not enough to manage cyber risk and that the standards being set by international bodies are often not backed up by suitable research and therefore do not necessarily have quantifiable benefits.
Source: Insurance Business