London Market Group: Protecting Indonesia's Businesses from Cyber Attacks

[This event is exclusive for financial and procurement decision makers and executives]

Indonesia's digital economy is expected to contribute US$130 billion to the country's GDP in 2020, putting it well on track to become Southeast Asia's largest digital economy. But as the country's digital capabilities expand, so businesses will become more vulnerable to cyberattacks.

Cyber-attacks disrupt manufacturing processes, harming supply chains and slowing production and labour productivity. In 2018 cyberattacks caused direct and indirect losses of up to US$6.7 million for large Indonesian companies and US$33,500 for mid-sized companies and these losses are likely to increase significantly in the years ahead.

The London insurance market is at the forefront of developing the products and services that Indonesian companies need to make their businesses more resilient to these emerging digital risks. It has led the way in the development of cyber protection and now accounts for 28% of the world market. London based firms have developed the world's first "cyber compliant" aviation, marine, property & casualty policies, putting it ahead of other jurisdictions. They are not only providing insurance products but also support packages for clients to help them respond and mitigate the impact of cyber-attacks on their organisations. This includes employing highly experienced professionals who have experience working in the security services and have managed cybersecurity issues at a national government level, helping to get your business back on track following an attack.

This event gives you access to some of London's leading expert brokers and underwriters to discuss how cyber-attacks are evolving, the impact of COVID on the number and frequency of attacks and how the world beating protection and services that London Market firms offer could save your business millions of dollars.