Preparedness vital in handling cyber events: Experts

News, Business InsuranceMay 2019

Baker Tilly Partner Simon Oddy tells Business Insurance how understanding insurance coverage parameters and definitions is a key step in improving cyber preparedness.

The need to be prepared, even in elemental ways, is important for being able to navigate a cyber incident even as new threat types continue to emerge, according to experts speaking at the Cyber INCYTE New York 2019 event held by Axis Capital Holdings Inc. on Wednesday.

Even knowing something as simple as who is in charge of cybersecurity can help an organization be prepared, according to Paul Reilly, head of delivery for Manchester, U.K.-based NCC Group PLC.

Some organizations are seeking to improve their preparedness, said Simon Oddy, a partner with BTVK Advisory in New York.

“The whole theme throughout that we’ve been hearing at Baker Tilly cyber solution” is clients looking at what they can do upfront to be aware, asking, “How can we be better prepared?” said Mr. Oddy.

Read more as published in Business Insurance.

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