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BoardIQ: How to get assurance on cyber insurance

Cyber insurance policy considerations for mutual fund directors

Cyber Risk Management|Insurance Consulting & Technology|Corporate Risk Consulting
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February 22, 2018

Navigating cyber insurance is critical for mutual fund directors to mitigate cyber risk. Understanding the insurance policies that covered by a cyber attack and how they may interplay or conflict with one another is key to a successful cyber insurance program.

The asset management industry is intensely focused on cyber security, an issue that has caught the attention of regulators and investors alike. With money and reputations on the line, these stakeholders are looking closely at steps senior management and fund directors can take to minimize harm from a data breach. It’s no wonder cyber security continues to be one of the top risk-management issues facing mutual fund boards today.

In this article, published this month by BoardIQ, Willis Towers Watson’s Tim Sullivan and Rob Yellen look at types of insurance coverage mutual fund boards should consider to minimize cyber risk. Reprinted with permission.

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