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Launched in February 2013 by the Cybersecurity Strategy of the European Union, the public-private platform on NIS (Network & Information Security) held its first meeting in June 2013 and is looking to develop secure and effective ICT (Information & Communication Technology) risk management practices.
The final result is a Guidance that was presented at the 3rd NIS Platform Plenary meeting of 30 April 2014 in Brussels and FERMA has been asked to give an 'outsiders' view on the NIS Platform guidance and whether it could be of use when assessing the maturity of organisations for cyber-security insurance coverage purposes.
Among others, this presentation tries to answer the following questions:
- How to assess the maturity of an organisation in terms of risk management and preparedness (gap analysis) .
-Are there any incentives that could lead to lower risk premiums for organisations that adhere to the best practices?
- What kinds of risks are currently covered by cybersecurity insurance policies, first party, third party, personal data loss, business data loss, losses due to interruption of business?