Cyber Crime and Cyber Terrorism

CONCLUSION
From the details provided on cyber threats and cyber-attacks it is clear that every 
businesses or organization operating a web site or conducting business in cyber-
space needs protection from an ever increasing array of risks and need to take pro-
active steps to protect themselves from incidents occurring. These measures should 
include a basic understanding and implementation of appropriate security controls. 
What “appropriate” means is different from industry to industry and business to busi-
ness, but every organization should at the very least have adopted the principals of 
Data Protection and considered the appropriateness of the international standard for 
information security, ISO27001.
Good information security processes have always mandated that there should be 
good incident management in place and this is where CL Insurance steps into the 
frame. CL Insurance provides a level of comfort that, if (or “when”) a breach occurs 
there is something that the claimant can ultimately rely upon to help reduce the im-
pact on their organization should there be legal or regulatory scrutiny (or sanctions) 
or there is a need for specialist or expert knowledge.
As more and more business is transacted in cyber-space, the use of mobile elec-
tronic devices increases and “Big Data” gets bigger the likelihood of something go-
ing wrong is undoubtedly going to increase too (see Chapter 14). The potential direct 
or indirect losses which could occur due to theft, loss, destruction of critical data, 
libel, defamation, copyright or trademark infringement, vandalism, threats or denial 
of service attacks are increasing and show no sign of slowing down.
Regulatory and legislative changes regarding data protection and breach notifi-
cation could see fines and penalties becoming much more prevalent so businesses 
need to acknowledge the risk that Cyber Liability presents and carefully consider 
the security controls required to ensure data protection is in place. Whilst there are 

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