Cybercrime: Insurance:Written question - 228929

Q
Asked by Jim Shannon
(Strangford)
Asked on: 24 March 2015
Department for Business, Innovation and Skills
Cybercrime: Insurance
Commons
To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to raise awareness among small and medium-sized businesses of insurance against cyber-attacks.
A
Answered by: Mr Edward Vaizey
Answered on: 26 March 2015

The recently published government guidance on cyber security for small businesses encourages companies to consider insurance as part of their approach to managing cyber risk. Cyber insurance is a rapidly developing area with government and the insurance sector publishing a joint report on tackling cyber risks on 23 March 2015. A key component of that report is an agreement that participating insurers will include Cyber Essentials accreditation as part of their risk assessment for small and medium businesses.

Cyber Security Guidance for Small Business: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/412017/BIS-15-147-small-businesses-cyber-guide-March-2015.pdf

Cyber Insurance Report: https://www.gov.uk/government/publications/uk-cyber-security-the-role-of-insurance

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