Threats to cyber security have reached unprecedented levels worldwide. As an ICMIF Supporting Member, CyberScout will partner with the Federation and its members to address the rapidly growing risk to the policyholders of mutual and cooperative insurers from global cyber crime. Through the ICMIF network, CyberScout will inform members and help them gain a competitive advantage by developing programs that reduce policyholders’ risk from cyber crime.
Said Matt Cullina, CyberScout CEO, “Cyber crime is a rising threat that international insurers must address swiftly and confidently in order to maintain their trusted partnerships with customers. At CyberScout, we put our clients at the centre of our business, helping them improve their customer engagement, identify additional revenue streams and enhance their brands through the delivery of premier, award-winning cyber theft services and resolution. Through our partnership with ICMIF, we look forward to sharing our expertise, knowledge and best practices with member organizations whose values reflect our own.”
Shaun Tarbuck, ICMIF Chief Executive, said: “ICMIF has welcomed CyberScout into its membership in a bid to provide our 290+ members with the opportunity to achieve a better understanding of what cyber risk means to their member-policyholders, and help them provide tailored, effective solutions to them. CyberScout particularly stands out in its capability as an organisation with highly developed, unique cyber risk solutions as well as previous experience of working with mutuals. On behalf of our Board, I am delighted to welcome CyberScout to ICMIF. Our Supporting Members are valued contributors to the Federation, supplying advice and expertise with a specific mutual or cooperative focus.”
Mr. Cullina spoke at the recent ICMIF Intelligence Committee in Washington, DC, on April 19, 2017. He presented a strategic overview of trends and solutions in cyber insurance.
Global regulations that protect the privacy of consumer data are evolving and requiring businesses to protect consumers more than before. Recent measures in North America, Europe, Gulf and East Asian Nations demand strict measures by organisations that hold customer data, with substantial penalties for organisations that fail to comply. At the same time, a new generation of ingenious cyber crime has heightened risk for everyone. It’s important that insurers understand the changing global picture and address their policyholders’ needs for expertise and services around the world.
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