Cyber Risk Management Resources

Cybersecurity Month is here! 

October is Cybersecurity Awareness Month! This internationally recognized awareness campaign is a great time to learn more about excellent cybersecurity best practices, tools, and resources.Throughout October, The MEARIE Group is pleased to present valuable services and resources to help you in your cyber risk management planning. 

Access additional reliable tools to enhance your cyber awareness and security. Protect your data.

Concluded Webinars:

Topic: Gain Confidence and Security with Native Microsoft Technologies with CrucialLogics

Date: October 25, 2023 at 1:00 pm to 1:45 pm

Experience a live breach simulation with CrucialLogics CEO Amol Joshi. Gain insights into the mind of a hacker, the impact on the user, and the rapid response. Discover how Microsoft tools can fortify your defences and safeguard your organization's assets. 

Download presentation slides here

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Topic: Fortifying the Grid A Zero Trust Approach to Securing Ontario’s Energy Sectorwith Agilicus

Date: October 11, 2023 at 1:00 pm to 1:45 pm

This session explores the transformative impact of Zero Trust from an IT security perspective as well as a compliance and risk management strategy. You'll have the opportunity to listen to a panel of experts lead an insightful conversation and answer all your burning cybersecurity and risk management questions. 

Download presentation slides here.

Download Now


🔒 NetDiligence® eRiskHub through MEARIE

This program has become more sophisticated over the years with expanding coverage, services and the ability to adapt to the changing needs of its customers.

Access Cyber Risk Tools

🔒 Cyber Defence Endorsement

As part of MEARIE's Liability Insurance Program, this optional endorsement complements your policy. It provides protection against claims of damage resulting from cyber risks such as a privacy breach or a network security failure.

Learn How We Can Help

Cyber Risk Referral Program

Need Cyber support? Our program gives you access to reliable cyber risk mitigation services to safeguard your organization from cyber threats. MEARIE has partnered with these vendors, so be sure to check them out for preferred pricing.  

Learn About This Program

Additional Cyber Risk Resources

Download these resources from the Canadian Centre for Cyber Security and the Cybersecurity and Infrastructure Security Agency (CISA) to develop prevention strategies, best practices and respond to incidents by developing and preparing your organization and employees. Take steps to be secure online today and protect your data.


Heightened Cyber Exposure due to a Convergence of Three Trends

  1. Increasing reliance on technology - digitization of business
  2. Increasing value of non-physical assets - relationship between cyber risks and multiple classes of insurance
  3. Increasing moral and legal obligation - from the public, regulator, insurer
    • Regulators' intensified focus on protecting consumer data
    • Regulation not moving as quickly as cyber criminals

Privacy remains the prevalent exposure and has historically driven the purchase of insurance.


Impact on Your Company

Cost & Disruption

An incident can create downtime to internal systems, and require staff attention and effort, without ever causing disruption to actual revenue flow - but creating disruption and additional expense for the company related to:

  • Internal Resources
  • External Resources
  • Communication & Notification
  • Customer Demands - Short & Long Term
  • Regulators - OEB & Privacy

What Makes Up the Cost of Loss?

Whether an incident originates from a technology-based source or just an employee's physical mishandling or private information, the result is the same: private information gets exposed and/or your computer system environment is compromised. 
 
 

 


Direct Costs

Involves funds spend to accomplish a given activity such as engaging forensic experts, hiring a law firm or offering victims identify protection services.

Involves the allocation of resources, such as an employee's time and effort to notify victims and investigate the breach. Indirect costs also include the loss of goodwill and customer churn.

Includes forensic and investigative activities, assessment and audit services, crisis team management and communications to execute management and board of directors.

Includes the creation of contact databases, determination of all regulatory requirements, engagement of outside experts, postal expenditures, email bounce-backs and inbound communication set up.

Includes help desk activities, inbound communications, special investigative activities, remediation, legal expenditures, product discounts, identifying protection services, and regulatory interventions.

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Contact us with your questions and a member of our team will reach out.

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