Mitigating the spiralling cybersecurity premiums
- Wednesday, 9th March 2022
- Registration 11.25am - 12.30pm
- Location: Virtual
The average cost for rectifying ransomware incidents and data breaches now exceeds £1 million, putting the cyber insurance market under a lot of pressure and resulting in unavoidable premium hikes in 2021.
At the same time the UK government warned against paying ransomware gangs, as this will only encourage more of the same, and insurance market Lloyd’s of London advised insurers against taking on any more cyber business in 2022.
How should CIOs and IT leaders deal with this situation? Considering there are only two types of companies from a cyber security perspective; those that have been hacked and those that will be hacked.
Join this Digital Boardroom Community Session with John Lockett, Group CIO at Serco, to explore:
- what insurers are providing now and what they request from IT
- what practical steps can prevent data breaches and ransomware attacks
- how CIOs can work with the CFO and C-suite to manage financial cyber risks
Our Keynote Speakers
John Lockett, Group CIO at Serco
John Lockett joined Serco in March 2015 as the Group Chief Information Officer and is responsible for all IT activities globally within the Group. He is an experienced IT leader with extensive transformation experience with governments, IT service business and public utilities. Prior to joining Serco, John ran his own consulting business working for UK Central Government, HMRC and a number of private equity organisations advising on IT implementations, sourcing and IT operational efficiency. His main activity was to work with HMRC on the Aspire replacement program and transform their legacy IT infrastructure estate to the cloud. Before his consulting career he worked in senior IT roles for Northgate, Severn Trent, National Grid and British Gas Transco.
Event Chair: Greg van der Gaast, CISO at Scoutbee
Greg van der Gaast is a frequent speaker, consultant and author on bringing care, initiative and accountability to the Information Security profession to break out of today’s costly and often ineffective reactive status quo. His security and business experience spans nearly 25 years, from covert operations with the FBI and DoD to creating security programmes and organisations for Fortune 500 companies. He is currently CISO at Scoutbee GmbH and Managing Director at consultancy CMCG.