Closing the gap

This Lloyd’s report, produced in association with KPMG in the UK, international law firm DAC Beachcroft and Lloyd’s insurers, helps companies better understand the cyber threat.

Closing the gap report

Closing the gap – insuring your business against evolving cyber threats

Over the past few decades the internet has enabled extraordinary innovation to take place, creating new business models, giving rise to world-changing companies and generating millions of jobs.

But this progress has come at a cost. By their nature, digital systems are susceptible to cyber-attacks by malicious individuals or groups with increasingly serious repercussions for businesses around the world. The nature of the threat is evolving so fast that it is becoming more and
more difficult for organisations to counter it.

While it is not possible to be 100% secure from a cyber-attack, there are a number of measures companies can take to reduce the risk of it happening, and to ensure they minimise the consequences and recover more quickly should a breach occur.

Insurance is part of this solution. Lloyd’s specialist cyber underwriters work with thousands of companies, from multinationals to SMEs, across the world every day to understand their risks better and to provide them with the expert advice and insurance cover they need.

This Lloyd’s report, produced in association with KPMG in the UK, international law firm DAC Beachcroft and Lloyd’s insurers, helps companies better understand the cyber threat.


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Disclaimer

The KPMG name and logo are registered trademarks of KPMG International Cooperative (“KPMG International”), a Swiss entity. KPMG’s International’s Trademarks are the sole property of KPMG International and their use here does not imply auditing by or endorsement of KPMG International or any of its member firms.

The DAC Beachcroft name and logo are registered trademarks of DAC Beachcroft LLP and are used in this document with the consent of DAC Beachcroft LLP.

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