IT & Cyber Risk

Our IT and Cyber Risk Practice provides sound and accurate information for claims and risk pricing.

We have found that a case by case approach is demanded by each industry sector. Increasing reliance upon Cloud and other third party vendors can lead to unknown factors.

Types of Data Breach

There is a misconception that most breaches are caused by malicious attacks. However it is actually human and system error that represents the majority of breaches.

Examples of common data breaches include:
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• Loss of unencrypted portable devices

• Stray emails, letters, faxes, documents

• Inadequate destruction of data
• Technical security failures

• Malware / virus attacks (unsecured networks)

• Denial of service attacks
• Property crimes (stolen computers, mobile phones, USB drives)

• Inside job (employee steals information)

• Phishing scams
• Spear-phishing (social engineering)
• Advanced persistent threats

How can Concordia help?

Analysis

Risk Assessments highlighting vulnerabilities and measuring cyber related exposure 

Prevention

Identifying risk exposure by analysing:
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• Compliance and Risk Management measures.
• Testing of data level encryption and anti-penetration measures.
• Challenging existing Business Continuity and Disaster Recovery plans.

Post Cyber Event Response

Concordia provides a fast pro-active support in the containment of a breach and investigations to quickly identify the ‘who, what, when and how’.