Cyber Risk Protection Programme launched at National Conference

March 19, 2019

An exclusive new CyberRisk protection programme for members has been launched by UKWA at its Annual Conference.

Recognising that one of the big challenges of the digital world is cyber-crime, which is a key issue not just for IT but for business strategy, UKWA has formed a collaborative partnership with associate members Cyber Intelligence Partners, Storm Guidance and Perry Appleton Risk Services in conjunction with Traveler’s Insurance.

This alliance of expertise enables UKWA to offer a range of assessments to help Members understand areas of risk within their business, and develop workflows, training and policies to minimise the risk of cyber breaches.

Michelle Watson, President of Washington DC based cyber training company Cyber Intelligence Partners, told conference delegates that in the UK alone cybercrime is estimated to cost companies £27 billion a year and now ranks as the number one cause of crime-related loss as businesses become increasingly dependent on technology and data is mission critical.  Cyber-attacks are on the rise and big businesses are not the only victims. Statistics issued by the UK government show that 43% of all UK businesses – including micro, small and medium sized companies – experienced some form of cyber-attack or security breach in the last twelve months.

Claire Russell from Perry Appleton also spoke at the national conference and described how UKWA’s new CyberRisk insurance and risk management scheme has been designed with Traveler’s Insurance specifically to combat cyber-crime in the logistics industry.  The scheme not only provides cover for many of the costs associated with cyber-crime, including fast breach response, data restoration and even reputation management, it will also help members minimise the risk of a cyber-attack and manage the uninsured consequences. Claire explained that the unique cover gives UKWA members access to eRiskHub, an online portal developed by leading cyber specialist NetDilligence, which provides cyber risk mitigation information and helps protect against online fraud.

UKWA CEO Peter Ward commented, “The new CyberRisk programme is tailored to the needs of the logistics industry and represents another new membership benefit for 2019. We will be hosting a workshop on cyber-crime, cyber-risk management and cyber-protection on 22 May to ensure businesses understand their exposure and how we can help them be more secure operating in the digital world.”

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