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East Midlands Chamber News

Event Will Help Firms to Combat Cybercrime

Andy WattersonEast Midlands businesses can learn about the very latest cyber threats and how they can manage the risks and insure themselves against the potential financial and reputational damage resulting from a cyber attack at a seminar later this month.

With the number of online threats increasing, East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) is working with the regional branches of the UK Cyber Security Forum and the Institute of Information Security Professionals to host the event, at which business can learn how serious the threats are and how best to counter them.

It is estimated that cybercrime costs UK businesses more than £6.8bn-a-year and costs the global economy around £266bn. The cost of rectifying the damage caused is also increasing, making it essential that firms know the risks, take steps to combat them and have adequate insurance in place to cover all losses if they are targeted.

Businesses at the event will learn how insurance fits as part of an overall risk management strategy, receive an overview of the current cyber insurance market, see details of the policies available and get hints about how products are likely to evolve. There will also be a presentation from the Department for Business, Innovation & Skills on the latest Government initiatives.

Andy Watterson, the Chamber’s Business Crime Manager, said: “This event is part of a series of forums that provide a platform for those with an interest in cyber security to come together to share ideas with peers, build links to colleagues with similar roles, explore issues of common concern, keep up-to-date with developments in the field and draw on the knowledge and expertise of a network of contacts.”

The free event is being held at Santander, Narborough, Leicestershire and starts at 6pm on 21 May. Places can be booked online here.