Cyber Security Practitioner
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Volume: 4 Issue: 2
(February 2018)

Keywords:
harmony cyber insurance market pipe dream nightmare towards end 2017 european union agency network information security (‘enis published report aims

Jurisdictions:
Europe London

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Harmony in the cyber insurance market: Pipe dream or nightmare?

Towards the end of 2017 the European Union Agency for Network and Information Security (‘ENISA’) published a report which aims at harmonisation of language around risk assessment in the cyber insurance sector, with the report looking at the incentives and barriers around a common framework in this area. In this article, Justin Tivey and Jonathan Drake of Womble Bond Dickinson LLP use this ENISA report as a springboard to examine the issue of differences in language used in risk assessments, the viability of standard wording, and the ongoing work towards harmonisation, in the context of the forthcoming application this spring of both the General Data Protection Regulation (‘GDPR’) and the Security of Network and Information Systems Directive (‘NIS Directive’).

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