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Decode Cyber Brief - Summer 2018 Edition

July 24, 2018

Foreword

We’re pleased to present our summer 2018 edition of Decode Cyber Brief, following up on our most recent edition, which featured the results of the Willis Towers Watson “Reported Claims Index” for 2016 to 2017. It is hard to imagine that we are already midway through 2018, and what an exciting year it has been thus far in the world of cyber risk. In just the past few months, we’ve seen The General Data Protection Regulation (GDPR) finally take effect; governments are increasingly interested in how personal information is collected, used, and shared over social media; and cyberattackers continue to evolve in their methods and sophistication. We also sponsored The Economist Intelligence Unit’s (EIU) recent study to learn more about cyber risk management challenges organisations face and to provide insight into strategies that executives can employ to create a more cyber-resilient organisation.

In this edition, David Gacioch and Natasha Dobrott of McDermott Will & Emery take an in-depth look at the current state of data breach litigation and also review recent regulatory developments. Gamelah Palagonia, a thought leader in privacy risk, also examines regulation, offering a unique analysis of the GDPR, including several issues to be mindful of when negotiating cyberinsurance coverage. Sou Ford and Jason Krauss spotlight the public sector, highlighting several risks specific to this industry class, as well as strategies to help manage those risks most efficiently. Using two recent case studies, Dan Twersky demonstrates how the Willis Towers Watson FINEX Claims & Legal Group unique and complex cyber claims. Finally, Magdalena Ramada looks to the future of blockchain technology, advancing her thoughts on its forthcoming relevance and utility to the insurance industry.

We hope you find this edition both useful and insightful. As always, we welcome your feedback.

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