CII policy briefing: Cyber and the City

A report on cyber risk, ‘Cyber and The City’, published by TheCityUK and Marsh argues that firms across the industry need to take urgent action on cyber risk to ensure the UK continues to be a secure base for the world’s leading financial centre.

Cyber attack is a major new source of systemic risk, as much as market or credit risk. This briefing provides a headline summary of the key aspects of the report which sets out to provide practical steps that firms now take to make themselves and the system safe.

Topics covered:
• Categories of cyber attacks.
• Parallels with the financial crisis.
• Ten step cyber check-list.
• Characterising the threat of cyber attacks for individual firms.
• Planning for a breach.