Willis Cyber Risk Framework
We deliver this through a comprehensive four-step cyber protection framework:
Assess your cyber risks
We can help identify blind spots, key vulnerabilities, regulatory exposures and third-party dependencies to find the cyber loss scenarios most likely to impact your industry and business.
Quantify your cyber risks
We can help you understand your financial exposures from cyber risks and how they affect your balance sheet, enabling your leaders to make better decisions about cyber risk and insurance.
Protect against your cyber risks
We can build tailored cyber risk and cybersecurity solutions around how your organization operates, rather than cyberinsurance based on generic checklists. We also keep you informed of new and emerging cyber risks most likely to threaten and damage your business.
Recover from your cyber risks
And if you have an incident, we support rapid and effective responses to incidents, reducing downtime and losses to strengthen your recovery.
Increasing reliance on technology
Digitalization has increased dependency on technology and data, amplifying cyber risk exposure.
Geopolitical uncertainty
This has escalated the frequency and severity of ransomware attacks across all sectors.
Data privacy regulation compliance
With organizations holding vast amounts of personal data, compliance with data privacy laws is vital.
Board governance
Cybersecurity is a critical board agenda item, requiring enhanced strategic oversight.
Supply chain requirements
Evidence of risk management standards and is increasingly a requirement from partners and customers.
Contact the WTW Cyber Risk Management and Insurance team
Contact us today to learn more about how we can help protect your organization from cyber threats and ensure your cyber resilience in an increasingly digital world.
Footnote
- Our cyber claims analysis draws on a Willis dataset from 2013 to January 2026, representing around 5,500 claims from more than 95 countries, and around $1 billion in insurer payments.
Our three-step approach to cyber security
We're not just another cyber risk and insurance provider. We're a trusted partner in securing your digital assets, with comprehensive cyber resilience and insurance solutions designed to protect your financial interests.
We understand the challenges you face when it comes to managing cyber risk. Whether it's navigating complex regulatory requirements or dealing with limited resources, we're here to help.
Our three-step integrated, holistic approach to cyber risk management can help you identify, manage and improve your organization’s resiliency to a cyber event.
Contacts
FAQs
Cyber risk insurance is a type of insurance designed to protect businesses from the financial losses associated with cyber incidents such as data breaches, cyberattacks and other security threats. This insurance covers the costs of recovery, legal fees, business interruption, liability to third parties and other expenses incurred as a result of a cyber incident.
Cyber risk insurance policies can vary, but they typically cover:
- Data breach costs: Expenses related to managing a data breach, such as investigation, data recovery, notification and credit monitoring services.
- Network security and privacy liability: Indemnity and defence costs for third party claims following a security failure or privacy breach.
- Legal fees and fines: Costs associated with legal claims and regulatory fines due to cyber incidents (where insurable).
- Business/ network interruption: Loss of income and expenses resulting from a cyber event that disrupts your operations.
- Cyber extortion: Payments and negotiation services in the event of a ransomware attack.
Choosing the right cyber risk insurance involves:
- Assessing your risks: Understand the specific cyber threats your business faces.
- Comparing policies: Look for coverage that matches your risk profile and includes necessary protections for your industry.
- Consulting with experts: Work with cyber insurance specialists who can provide insights and tailor a policy to your needs.
In the event of a cyber incident, you should notify your insurer immediately. The claims process typically involves:
- Initial assessment: An expert team will assess the extent of the damage and determine the appropriate response.
- Investigation and recovery: Specialists may work to recover lost data and secure your systems from further attacks.
- Claim resolution: Your insurer will evaluate the covered losses and provide compensation based on your policy terms.
Businesses who implement the following measures often secure the most competitive terms from insurers:
- Implementing strong security measures: Adopt robust cybersecurity practices to lower your risk profile.
- Regular training: Educate your employees on cybersecurity awareness and protocols.
- Risk assessments: Conduct regular risk assessments to find and mitigate vulnerabilities.