British Insurance Brokers’ Association (BIBA) teams up with Government cyber team

19th January 2016

BIBA to help members to reduce the risk of cyber-crime and to raise awareness of the benefits of suitable insurance protection.

Recognising that more businesses than ever before are being attacked, hacked or losing sensitive data as a result of theft or error, BIBA, through its active membership of the Government CERT UK’s* Cyber-Security Information Sharing Partnership (CiSP), is to sponsor its members to join the initiative, and benefit from real-time cyber threat information.

Graeme Trudgill, Executive Director at BIBA said; “In our 2016 Manifesto #FairnessForAll the Rt. Honourable Matthew Hancock, MP and Minister for the Cabinet Office said that “cyber-security is a ‘significant and growing threat to the UK”.

“BIBA sees sponsoring our members to join CiSP as a way to improve awareness about cyber risks and of the value in protecting against them to reduce the impact on UK businesses and more details about the initiative will be rolled out over the coming months.  Joining CiSP will help our members stay alert to current threats, free of charge, enabling them to protect their own businesses as well as being armed with up to date information that they can use to advise their customers on suitable insurance protection.”

Chris Gibson, Director of CERT-UK said: “CERT-UK is delighted by BIBA’s endorsement of CiSP and its recognition of the importance of information sharing.  We encourage all businesses with a UK presence to join CiSP, a free resource, to gain access to the shared knowledge of over 4000 cyber-security professionals from over 1500 organisations.”

In addition, as part of its commitment to build resilience against cyber-crime, BIBA will be promoting the use of the Government’s Cyber Essentials Scheme which outlines cyber hygiene factors that can be built upon by firms wishing to reduce their risk.

Lord Hunt of Wirral, Chairman of BIBA said: “Insurance brokers have to adapt to changing risk environments and these initiatives will help our members keep on top of developments in cyber-crime and help their customers protect themselves against this new and growing threat.”

-ENDS-

* Computer Emergency Response Team

Notes to editors

 

  1. For further information please contact:

BIBA press office:

Pam Quinn, Communications Manager

020 7397 0223

quinnp@biba.org.uk

or

Andy Thornley, Corporate Affairs Manager

020 7397 0238

thornleya@biba.org.uk

 

  1. About the British Insurance Brokers’ Association

The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.

BIBA membership includes just under 2,000 regulated firms.

General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff. 54% of all general insurance is sold by an insurance broker and they arrange 79% of all commercial insurance business.

Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.

BIBA helps more than 250,000 people a year to Find-A-Broker, both online and via the telephone.

BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.