Understanding Cyber Risk and the Value of Maintaining Cyber Insurance | Presented By Marion Hall

11.30am – 12pm ACST, 24 July 2025 ‐ 30 mins

Presented By Marion Hall

Businesses are increasingly reliant on technology, digital products and third-party services to conduct their operations, and all the while, cyber criminals and threat actors are becoming ever more sophisticated in their practices and wider reaching in their attacks.

Australian Law and the regulatory landscape are having to rapidly evolve to respond to this constantly changing landscape. One of these control measures has been to impose on organisations, stricter expectation to notify data breaches on time, or risk financial penalties.

Information and Data management businesses are one of many industries where the insurance market views the exposure as far greater than the premium, they are able to collect for the risk based on the fee income generated by their businesses services. This has historically made procuring cyber insurance for individual businesses (particularly SME) challenging if not almost unachievable or unviable.

We recognised the need for an available, fit-for purpose and sustainable cyber insurance solution to protect RIMPA Global members digital exposures.

RIMPA Global and Howden Insurance Brokers Australia (Howden) partnered to establish a tailored solution exclusively for RIMPA Global members – RIMPA Cyber Protect.

In this session we will take a look at the typical cyber scams targeting businesses and discuss the value of joining RIMPA Cyber Protect for suitable cyber protection.