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Cyber Security and Fraud conference at the RDS, Dublin

NO LONGER A QUESTION OF IF BUT WHEN AN ORGANISATION WILL FALL VICTIM TO A CYBER ATTACK

INCIDENT RESPONSE PLANNING IS CRITICAL FOR IRISH COMPANIES, LARGE AND SMALL, IN THE EFFORT TO AVOID CYBER SECURITY & FRAUD BREACHES

Thompson Insurances join forces with Eversheds Sutherland and Grant Thornton to host Cyber Security and Fraud conference at the RDS, Dublin

Wednesday, February 08^th 2018: A Cyber Security and Fraud conference this morning heard that it is no longer a question of if a company will face a cyber attack, but when. Co-hosted by Thompson Insurances, Eversheds Sutherland and Grant Thornton, over 150 guests attended the seminar in the RDS to hear from a panel of expert speakers that included Detective Superintendent Michael Gubbins of the Garda Cyber Crime Bureau.

“An Garda Síochána have had many successes in bringing cyber criminals to justice over recent years, but companies need to become more aware of their own responsibilities in minimising the risk of cyber crime on their businesses” said Detective Superintendent Gubbins.   “Not having proper cyber incident response planning in place, which includes reporting cyber crime to the Garda and Data Protection commissioner, can have far reaching consequences for business”.

Pictured left to right, at the Cyber Security and Fraud conference co-hosted by Eversheds Sutherland, Grant Thornton and Thompson Insurance, is MC Vincent Wall of Newstalk, Detective Superintendent Michael Gubbins of the Garda Cyber Crime Bureau, Shane Hennelly ACII Joint Managing Director of Thompson Insurance, Anna Broderick, Partner with Eversheds Sutherland

The panel discussion, which included Shane Hennelly ACII, Joint Managing Director, Thompson Insurances, Anna Broderick, Partner, Eversheds Sutherland and Mike Harris, Cyber Security Partner, Grant Thornton also focused on the increasing cost of cyber crime for organisations of all shapes and size, and concluded the discussion by conducting a live cyber crime survey among conference delegates, who responded that:

• 37% have had a data breach in their organisation.

• 22% don’t have a cyber crime incident response plan in their organisation. 

• 66% would engage external legal advisers and IT investigators in response to a cyber incident.   

• 50% don’t have a dedicated cyber insurance policy in place.

Shane Hennelly - Thompson Insurances 

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