Hiscox, a Bermuda-based specialist insurer, has opened a cyber training centre to enable its cyber insurance clients globally mitigate and manage their cyber risks.

CyberClear Academy is an online interactive suite of cyber training content, which comprises nine learning modules.

It features diagnostic assessments to examine trainee’s existing knowledge and ensure that training is tailored to address specific knowledge gaps, the insurer said.

Hiscox Cyber CEO Gareth Wharton commented: “Like many other risks, cyber is indiscriminate – it affects businesses of all shapes and sizes. If a business experiences a cyber-attack or breach, there will be many implications – lost revenue as a result of business interruption, the cost of remedial action, as well as the reputational impact – and a big business will have the firepower to recover far quicker than a small business.

“Awareness of the cyber threat is therefore one of the most important parts of cyber risk management. This is where cyber security training can really help. Educating your employees and building your human firewall should not be overlooked – a significant proportion of the cyber insurance claims we see are people related; somebody who inadvertently clicks on a suspicious link, or loses a device containing sensitive business information. Our recent Cyber Readiness Report highlighted that there are still too many cyber ‘novices’, so we want to do our bit to create more cyber ‘experts’.”

The Hiscox CyberClear Academy will also update trainees with law related to cyber risk to help them better manage their regulatory obligations.

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