Blue Hill Perspective: Risk Mitigation, Breach Notification Drives Increased Interest in Cyber Insurance in Europe

TripWireLogoRising boardroom interest in cyber insurance cover has been sparked by a number of well publicized data breaches and the prospect of bigger data breach penalties under new EU data protection laws.

In April, Lloyds of London said that it has seen a 50 percent increase in demand for cyber insurance products during the first three months of 2015 compared to the same period last year.

There are many ways risk can damage a company and they are all daily concerns for senior executives. Cyber, in particular, is what will continue to get the biggest headlines because the landscape changes so rapidly.

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About Dr. Alea Fairchild

Dr. Alea Fairchild is an Entrepreneur-in-Residence at Blue Hill Research. As a technology commentator, she has a broad presence both in the traditional media and online. Alea covers the convergence of technology in the cloud, mobile, and social spaces, and helps global enterprises understand the competitive marketplace and to profit from digital process redesign. She has expertise in the following industries: industrial automation, computer/networking, telecom, financial services, media, transport logistics, and manufacturing. Her clients are both commercial, government / public sector, NGO and trade associations. Dr. Fairchild received her Ph.D in Applied Economics from Limburgs Universitair Centrum (now Univ. Hasselt) in Belgium, in the area of banking and technology. She has a Masters degree in International Management from Boston University/Vrije Universiteit Brussel, Brussels, Belgium, and a Bachelors degree in Business Management and Marketing from Cornell University, Ithaca, New York. She is a masters Olympic weightlifter for Belgium, having won many international medals.
Posted on December 23, 2015 by Dr. Alea Fairchild