Two relevant, historic, events have driven the agenda in Europe this week. The first one and, very probably, more transcendental, the agreement reached during the “21st Conference of the Parties of the United Nations Framework Convention on Climate Change” (COP21) held in Paris, by mean of which, and for the first time, 195 nations have set path to keep temperature rise well below 2 degrees Celsius. Let’s hope, for our wellbeing, that they reach such a goal! The second one, with a notably shorter perimeter -EU28-, but more closely related to this publication’s usual interests, the provisional agreement on cyber security met by MEPs and the Luxembourg Presidency of the Council of the European Union that comes to put an end to current fragmentation of cyber security systems in 28 Member States. No doubt, the news of the week in our sector (on European soil)!
We anticipate it seven days ago, “the awakening of a new cyber market in the insurance industry will push companies to address more pampering their cyber security, in order to get better coverage and, specially, better prices in their agreements with insurers”. Today we can go a step forward and state that not having minimum countermeasures will prevent any company to be eligible as customer, in “cyber” matter, by insurance firms. The immediate consequence of that will be that cyber-insurance, as it is already happening with cyber-savvy BoDs and legal regulation, will become the third “de facto” driver to push cyber security culture, even by force, within organizations (and among those in front of them).
This becomes especially relevant on a landscape in which cyber issues due to technical glitches and negligence are usual within organizations. Naturally, intentional actions should be added, too; like those performed by hackers, whose personal motivation is object of reflection and analysis by psychologist and other professionals.
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