With cyber threats and their cost increasing globally, Weightmans, a leading UK law firm, has launched CyXcel. The global team of leading cyber specialists working together to help businesses and their insurers build resilience against cyber threats.
CyXcel will provide organizations with a 360° view of their exposure to cyber threats, assist them in boosting resilience and planning for incidents, and provide dedicated incident response when breaches occur.
“The sheer volume of cyber and data threats we are now seeing mean it’s a case of when, not if, an organization will fall victim to some form of breach – whether it’s the result of human error or criminal attack,” said Ed Lewis, partner at Weightmans and project lead for CyXcel
Lewis added, “The market for cyber insurance cover is maturing rapidly to keep pace, but the misconception persists that an organization is resilient and adequately protected simply because they’ve bought a cyber policy.”
The team comprises 15 specialist businesses, covering international law and regulation, IT security, forensics, intelligence, and public relations. CyXcel is the first time a global team of experts has been brought together in this way to help businesses understand their risk profile, define and implement a resilience strategy, and develop effective response planning.
Benefits of CyXcel
- Helps businesses build resilience against cyber threats
- Provides a 360° view of exposure to cyber threats
- Assists in boosting resilience and planning for incidents
- Provides dedicated incident response when breaches occur
- Helps businesses become a more attractive proposition to underwriters
- Reassures insurers that they have done all they can to minimise the impact of a potential breach
- Offers three distinct, but inter-related, products for policyholders; Resilience strategy, Incident planning, and Incident response. In addition to a range of insurance-related services to support claims and underwriting functions
- Can work across jurisdictions to represent businesses with a global footprint
Target audience
- Businesses of all sizes
- Insurers
- Public sector organizations
CyXcel is a unique and innovative service that can help businesses and insurers build resilience against cyber threats. It is the first time a global team of experts has been brought together in this way to offer a comprehensive solution to cyber risk management.
Learn more: CyXcel, Press Release
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