Allianz has partnered with leading global cyber security consultancy, IT Governance Ltd,
to offer you a free online cyber risk assessment.
The Allianz Cyber Risk Assessment tool is designed to help businesses protect themselves against a potential cyber-attack. It provides policyholders with an online questionnaire based on the Government’s ‘Cyber Essentials’ assessment.
Businesses in the UK have stated that the threat of a cyber-attack is the top risk they are facing, with two thirds of UK organisations suffering a cyber security breach in 2015.
Cyber Essentials sets out the minimum standards of network security that all organisations should adopt, with the Government now offering SMEs grants of up to £5,000 towards implementation costs. UK organisations can apply for certification under the Cyber Essentials scheme – now mandatory for certain Government contracts and, increasingly, a requirement for successful tenders in the private sector.
How the Cyber Risk Assessment works
- Register to Risk Director – www.riskdirector.co.uk. Once logged in, you’ll find a link to the assessment
- Create a username and password to access the assessment
- The assessment consists of 50 simple questions – you can save your answers as you go, as there’s no time limit for completion
- Once completed, you’ll receive a risk improvement report, highlighting the areas that need to be addressed in order to pass the assessment
- Once passed, you have the option to apply for official Cyber Essentials certification.
How do you benefit from taking the Cyber Risk Assessment?
Despite increased awareness around cyber risk, organisations are still failing to manage their exposure, with breach of customer information and business interruption presenting the greatest concern.
According to the Ponemon Institute – a thought leader on trends in corporate and Government practices – the average time to resolve a cyber-attack was 31 days in 2015, with an average cost of £358,000.
The new EU General Data Protection Regulation (GDPR) introduces sweeping changes to how organisations protect their personal data. Businesses are required to implement stringent preventive measures to avoid data breaches, or, from as early as 2018, face hefty fines of up to €20,000,000 or 4% of global turnover.