20 June 2016 Insurance

Travelers holds symposium on cybersecurity

The Travelers Institute, the public policy division of The Travelers Companies, has brought an educational symposium to Washington DC to help businesses tackle evolving cyber threats.

According to Travelers, cyber risk was a top business concern among more than half of the business owners surveyed in the 2015 Travelers Business Risk Index, yet only 33 percent indicated they had a cyber or data breach response plan.

The symposium, Cyber: Prepare, Prevent, Mitigate, Restore, featured a panel discussion moderated by Joan Woodward, the president of the Travelers Institute and executive vice president of public policy at Travelers.

The assistant section chief for the cyber division of the Federal Bureau of Investigation (FBI), Brett Leatherman, also delivered the keynote address Understanding the Cyber Threat Landscape: A View from the Federal Bureau of Investigation.

Leatherman said: “The FBI recognises the importance of developing public and private partnerships, and we are committed to combating the evolving cyber threat. Information-sharing benefits all of us. If we work together as a team, we can combat these threats and work to prevent future attacks.

“Our engagement with public and private partnerships is a great way to establish additional relationships between the FBI and the private sector, because you have the technical expertise, the infrastructure and the innovation.”

Joan Woodward said: “Cybersecurity is on everyone’s mind, but few have taken appropriate steps to effectively protect themselves or their businesses.”

“We are pleased to convene a discussion with Capitol Hill policymakers, business owners and leading cybersecurity experts to share insights on preventing cyber breaches and quickly recovering from them when they do occur.”

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