A call for the launch of an insurance policy against {Alhec

A call for the launch of an insurance policy against {Alhecrz}

 

08/06/2017 0:00

Baghdad / Mustafa al - Hashemi
after obtaining the cyber attacks on global institutions, as well as penetrating local government sites have become the current stage requires the Iraqi insurance companies to provide insurance policies against the dangers of cyber attacks for individuals and institutions to ensure that their rights as a result of penetration and theft of information, account numbers and personal data are required to take action to protect against cyber threats because the insurance culture is low, and because the mentality of forethought against the potential risks faced by individuals and companies are very weak.
Cyber security represents a group of technical, organizational and administrative tools that are used to prevent intrusions and abuse and recover electronic information and communication systems and digital data contained in order to ensure the continuity of the work of information systems and enhance the protection, confidentiality and privacy of personal data and to take all necessary measures to protect citizens and consumers of the risks in cyberspace.
In this regard , called on the competent affairs insurance lamp Kamal insurance companies to move to build internal capacity for these risks through the use of intermediaries re - international insurance who are dealing with them as well as reinsurance companies to the fact that most workers in the government and private insurance companies were not aware of securing cyber threats because they are new to their experience and knowledge insurance, but this does not mean that they can not study and understand the implications of this insurance.
"The existence of the possibility of penetration of information technology systems used by industrial and commercial companies and public and private banks as well as state institutions to speed up requires taking precautionary measures to reduce the negative effects caused by the breach."
And the new version of the document between Kamal said there are many variations of the insurance cover are supported in the global insurance markets, including the London market, explaining that he could Iraqi insurance companies obtained through reinsurance brokers and reinsurers.
Kamal pointed to the existence of the problem beyond document / insurance documents formula, which is originally in English requires translated into Arabic, and I mean the technical ability among these companies on cyber risk pricing in light of the lack of experience and lack of or poor knowledge of the content of this document.
And confirmed the existence of a relationship between the scope of coverage provided by the insurance policies of cyber risks and appropriate insurance premium , which have, in the sense that whenever the cover was a broad insurance premium highly affects the demand.
He continued any case, the application does not exist now and in theory, it may be appropriate for it to start a document securing the minimum provide protection, and with the depth of experience and knowledge of the companies and the accumulation of information on compensation can then be re - look cover insurance as well as pricing.
Kamal stressed that highlight the dangers of cyber help in finding a suitable atmosphere and practical to deal with these risks by the competent organs, and helps to establish the beginnings of insurance awareness of them and to find insurance solutions  
appropriate.
And he went on : Iraqi insurance companies, according to a scientific, far at the present time for the study of these hazards, so it must be based at least monitor and study announced cases of electronic piracy and other breakthroughs and cases of extortion mail, if any, to establish a base preliminary information on the subject benefit including the formation of a rough picture of the reality of the digital space in Iraq and use them to negotiate with international reinsurers.
He called on companies to train crew staff to acquire a degree of specialization in this area to be ready to show what he has from when he got up real solutions to the challenge to seek the protection  of
insurance.
And the ability of insurance companies penetrating data recovery or simply granting compensation , Kamal explained that this question is premature because the demand for insurance protection does not exist, adding that the Iraqi insurance companies, in my opinion, only pay compensation, a traditional fixed position. And when competent companies have developed protection systems and cyber security technical, outside the insurance system, can then insurance companies to cooperate with the competent companies to help those affected by the insured.

[You must be registered and logged in to see this link.]