• Home
  • Reseller
  • Distributor
  • Vendor
  • Finance and M&A
  • People moves
  • Cloud
  • Technology and trends
  • Women in channel
  • Events
  • A-list
  • Top VARs
  • Printer Supplies
  • Women in Channel
  • CRN Essential
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
     
    • Please contact your account administrator for more information on your access.

  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • Facebook
    • YouTube
  • Register
  • CRN Essential
  • Events
    • Upcoming events
      event logo
      CRN Sales & Marketing Awards 2021

      The CRN Sales & Marketing Awards recognise and reward the achievements of those individuals and teams that are responsible for making the UK IT channel truly great.

      • Date: 08 Jul 2021
      View all events
  • Whitepapers
    • LATEST WHITEPAPERS
      What are the opportunities for the channel with the growth of AI?

      Encryption, privacy, & data protection: a balancing act

      This white paper examines the risk posed by encrypted threats; considers the business, privacy, and security implications of managing that risk; and presents constructive measures for balancing security needs with employee privacy rights. In the end, the best way for IT leadership to ensure the rights of the individual employee is to protect the organization from threats and attacks.

      Download
      How do MSPs really feel the channel will shape up by 2020?

      On borrowed time?

      Cybercrime has become a huge part of our economy and it is a topic that is getting more and more attention in the news media. The cybercriminal stories making headlines involve big companies such as British Airways and Marriott etc. However, smaller companies are just as susceptible to cyber- attacks. Often these attacks are much more damaging to smaller businesses, sometimes forcing them to shut down completely. One report from Verizon claims that 43% of email attacks target SMBs.

      Download
      Find whitepapers
      Search by title or subject area
      View all whitepapers
  • A-list
  • Top VARs
  • Printer Supplies
channelweb
channelweb
  • Home
  • Reseller
  • Distributor
  • Vendor
  • Finance and M&A
  • People moves
  • Cloud
  • Technology and trends
  • Women in channel
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
 
  • Please contact your account administrator for more information on your access.

  • Security

Cyber-insurance 'not worth paper it's written on'

Resellers expressed unease at growth of cyber-liability insurance industry during CRN Online Security Summit

  • Doug Woodburn
  • Doug Woodburn
  • @DougWoodburn
  • 23 April 2015
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

Reseller bosses warned against the use of cyber-insurance during a panel session at the recent CRN Online Security Summit.

More UK firms are taking out cyber-liability insurance policies to mitigate against the growing threat of data breaches, a trend that worried some of the experts on our panel.

Related articles

  • Why threat actors are targeting the channel
  • Five resellers secure places on £150m Welsh IT framework
  • 4 key challenges facing Gelsinger as Intel's new CEO
  • European IT channel on track for record breaking year in 2021, claims analyst

"It's not particularly expensive, and [customers] feel that all of a sudden they've got another tick in the box," said Marty Legg, cloud services director at SecureData.

"But I feel it is an immature way of dealing with it," he added during the debate, which you can register to view here.

Garry Sidaway, senior vice president of security strategy at NTT Com Security, agreed: "I understand why people are going that way but actually when it comes to a breach or an incident, it's really not worth the paper it's written on," he said.

These misgivings come after figures from Lloyd's of London suggested the UK cyber-insurance market grew by 50 per cent in Q1.

In light of these figures, Richard Pharro, chief executive of accreditation body APM Group, warned that cyber-insurance should not be seen as a "cure-all".

"While cyber-insurance may offer the opportunity for those hit by cyberattacks to recoup some of their monetary losses, little can be done to repair the reputational damage brought by a data breach, the negative impact on trust and lost intellectual property," he said.

Sidaway and Legg's comments were made during the opening session of CRN's recent Online Security Summit session - Time for a New Approach to IT Security - which you can register to view here. Also participating in the debate were David Lannin from Sapphire, Mark Evans from Integrity Solutions and John Shaw from Sophos.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Security
  • Strategy

More on Security

Why threat actors are targeting the channel

The recent attack on Exclusive Networks is only the latest in a series which has seen cybersecurity vendors, distributors and MSPs suffer breaches to their systems. CRN asks why the channel is seeing itself become a popular target for cybercriminals

  • Security
  • 15 January 2021
Five things all MSPs should be asking themselves as threat actors target the channel

As Exclusive Networks becomes the latest casualty in a series of cyberattacks on channel firms, CRN asks cybersecurity specialists what the sector should be doing to prevent themselves becoming targets

  • Security
  • 04 January 2021
Exclusive Networks reports cyber breach across systems in five countries

French security VAD says systems in France, the UK, UAE, the US, and Singapore were affected

  • Distributor
  • 04 January 2021
SolarWinds hack may have affected 18,000 customers, vendor says

National Security Council meeting convened after security vendor hacking breach infects US federal networks

  • Security
  • 16 December 2020
FireEye victim of 'state-sponsored' cyberattack

Cybersecurity firm’s share price drops as it reveals its Red Team arsenal of hacking tools was accessed

  • Security
  • 09 December 2020

More news

Why threat actors are targeting the channel
  • Security
Why threat actors are targeting the channel

The recent attack on Exclusive Networks is only the latest in a series which has seen cybersecurity vendors, distributors and MSPs suffer breaches to their systems. CRN asks why the channel is seeing itself become a popular target for cybercriminals

  • 15 January 2021
Five resellers secure places on £150m Welsh IT framework
  • Reseller
Five resellers secure places on £150m Welsh IT framework

Contract covers IT hardware to larger customer organisations

  • 15 January 2021
4 key challenges facing Gelsinger as Intel's new CEO
  • Vendor
4 key challenges facing Gelsinger as Intel's new CEO

The VMware boss is joining the chipmaker as it finds itself adrift and losing market share to rivals. CRN considers why he might be the best person to steer the company through its troubled waters

  • 14 January 2021
European IT channel on track for record breaking year in 2021, claims analyst
  • Reseller
European IT channel on track for record breaking year in 2021, claims analyst

Market analyst Context says European IT channel now on track to break first ever €100bn-revenue year in 2021, despite pandemic pressures

  • 14 January 2021
blog comments powered by Disqus
Back to Top

Most read

Eight resellers win spots on £5bn IT framework with East Midlands police
Eight resellers win spots on £5bn IT framework with East Midlands police
Industry Voice: How to get More Business Value for Customers with VMware Cloud on AWS
Industry Voice: How to get More Business Value for Customers with VMware Cloud on AWS
VMware's Gelsinger takes top job at Intel
VMware's Gelsinger takes top job at Intel
Which reseller featured in Glassdoor's Best Places to Work list this year?
Which reseller featured in Glassdoor's Best Places to Work list this year?
BT sets up new 'Digital' technology unit
BT sets up new 'Digital' technology unit
  • Contact
  • Marketing solutions
  • About Incisive Media
  • Terms & conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • Facebook
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading