Willis Towers Watson launches suite of cyber assessments to help clients better manage cyber risk

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[{"type":"text","content":"LONDON, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, has introduced two new cyber risk assessment services in direct response to the findings from its recent cyber claims insights report. The report found that: Human error (people risk) was the single biggest root-cause of global cyber incidents / claims, and;Ransomware (and the subsequent business interruption) is the most significant risk when considering first-party losses, or in other words, the direct financial costs to businesses. Introducing the new solutions, Dean Chapman, Lead Cyber Risk Consultant, Willis Towers Watson, said, “The cyber claims insight report has been instrumental in supporting our development of a data driven, client focused suite of cyber risk assessment services. Aligned to our existing cyber insurance and risk transfer capabilities, the new Workforce Cyber Culture Assessment (WCCA) and Ransomware Risk Assessment (RRA) services demonstrate our commitment to supporting clients with tailored solutions to effectively manage risk in a challenging and fast evolving cyber threat environment.” The Workforce Cyber Culture Assessment (WCCA), is an innovative cyber risk methodology specifically designed to assess people risk and the impact of business culture in a cyber context. It can work to highlight any perceived ‘high risk’ attitudes and behaviours within the workforce to cyber risk, such as current working environment and workplace pressures (a critical area in the current economic climate) and assesses the key factors affecting the likelihood and impact of people-related cyber security incidents. It enables Willis Towers Watson to provide clients with focused and concise recommendations for risk reduction as well as a tailored roadmap to support the achievement of a resilient cyber security strategy with measurable and actionable metrics. The Ransomware Risk Assessment (RRA) is a custom assessment framework, available for both Information Technology and Operational Technology environments, that focuses on what is amongst the most severe of cyber threats facing organisations globally. The assessment moves beyond just technology controls and observes the entirety of a client’s ransomware threat surface across several key risk areas. The RRA provides clients with a unique, ...

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