FM Global rolls out new cyber-risk assessment

FM Global rolls out new cyber-risk assessment | Insurance Business

FM Global rolls out new cyber-risk assessment

Global commercial property insurer FM Global has introduced the insurance industry’s first comprehensive cyber-readiness assessment to help its clients measure their overall cyber-security resilience.

The FM Global Cyber Risk Assessment is a comprehensive review of a client’s cyber exposures, at both the location and enterprise levels, that takes into account a client’s ability to prevent unauthorized physical access to its facilities and information-technology networks as well as its preparedness, response capability, and resilience in the event of a cyberattack. Starting 2019, it will also assess industrial control systems and the client’s ability to defend against malicious attacks on building systems, process control, and equipment due to their increased network connectivity.

“This comprehensive tool assesses the potential impact of cyber risk beyond an IT perspective and provides recommendations to mitigate against that cyber threat with an overall outcome of improved resilience to protect business revenue, reputation, market share, and ultimate viability,” said Jeff Tilley, FM Global vice president and manager of cyber hazards.

Tilley said risk managers can use the FM Global offering “to support the business case for additional security investments and to help improve relationships between information security and other areas in their organization.”

The assessment is available free of charge to all FM Global and AFM policyholders.