Protecting data is paramount for organisations and this can only be achieved through an information secure culture.
Over the weekend a global phenomenon occurred with over 200,000 people affected by a cyber-attack on a number of government and business organisations around the world.
"Digital platforms are changing exponentially and the use of portable devices and other internet connected technologies along with ‘cloud’ based information storage provide increased opportunities for cyber-attack," says Leo Demer, CEO JLT Australia and New Zealand. "Organisations need to be more vigilant in how people manage their information and protect their data."
Evidence shows that many organisations lack the necessary engagement with cyber security and appropriate staff training to mitigate the threat of cyber-attacks.
"Response to cyber incidents is critical. Cyber risks and incident response should form a key component of an organisation’s business continuity and disaster plan. While at this time only a small number of Australian organisations appear to be affected, we encourage government and business to audit their existing processes and policies or put necessary practices in place," Mr Demer says.
Establishing effective policies and procedures and building an information secure culture will contribute to safe guarding and mitigating cyber risks within an organisation.
JLT has worked with organisations locally and globally over the past five years to mitigate cyber risk. As part of our ongoing approach, our global cyber expert, Reid Sawyer, Senior Vice President of Credit, Political and Security Risks in JLT’s Cyber Practice, currently based in the US, will be visiting Australia in June. Reid will be speaking with business and government about the complex nature of cyber risks across all elements of business and government from financial, operational, strategic and personnel perspectives.
Mr Demer continues, "We believe in providing protection solutions to organisations and helping them understand the impacts that strategic risks pose and when faced with these threats what investment in risk management and insurance solutions is required to protect the organisation."
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NOTES TO EDITORS:
About Jardine Lloyd Thompson
Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT’s client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in 40 territories with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
For further information about JLT, please visit our website www.jlt.com.
About JLT Australia
JLT Australia operates out of more than 22 offices across Australia with over 1,000 industry professionals. Backed by its global risk groups, JLT Australia is uniquely structured to provide innovative insurance, risk management and employee benefits solutions to companies and individuals in all states and territories.
JLT Australia is a wholly owned subsidiary of Jardine Lloyd Thompson Group plc,
For further information about JLT Australia, please visit our website www.au.jlt.com