Guy Carpenter’s Cyber Global Center of Excellence keeps apprised of all significant developments in the cyber risk sphere. Here we present some of the global highlights from the first part of 2019. Click below for the full year’s list.
• The Prudential Regulation Authority (PRA) wrote to UK insurers on January 30 to request a silent cyber action plan by the first half of 2019. This action by the PRA builds on previous notices issued in July 2017. See letter >
• A European Union Cyber Security Certification Framework was introduced to improve security for online services and consumer devices. See article >
• Aluminum manufacturer Norsk Hydro’s first quarter profits fell 82 percent following a March 19 ransomware attack. See article >
• Australia announced privacy and consumer law reforms, which increased the penalties for companies that misuse or fail to adequately protect consumer data. See article >