Hiscox goes ‘Minority Report style’ to highlight e-risks at BIBA conference

9th May 2011

London, UK (9 May, 2011) – With nearly a quarter of SMEs (22%)* more concerned about e-risks and cyber crime than they are with traditional risks such as theft, specialist insurer Hiscox will be highlighting the risks associated with new or emerging technologies at this year’s BIBA conference in Manchester (11 and 12 May 2011).

With a focus on technology and media businesses, a custom built ‘Minority Report style’ stand using Kinect technology best known to game console users, will enable delegates to use hand and arm movements to guide them through an interactive look at the opportunities and risks to businesses from areas such as cloud computing, network security and social media.

Commenting ahead of the BIBA conference, Alan Thomas, Head of Technology & Media, said: “Media and technology businesses are obviously exploiting the huge opportunities being made possible by new and emerging technologies, but with those opportunities comes more risk. The growing trend for cloud computing for example can help businesses create or terminate IT contracts more easily but also means they become increasingly reliant on externally hosted IT services. Social media is a great new method of interacting with customers but what happens if an employee’s private tweets defame a client? And how can a business be sure that its network can safeguard against the external hacking of personal data files?”

“As a leading specialist insurer for media and technology businesses, our stand will provide a memorable way of highlighting the possible risks they face; further underlining the need for a focused risk management strategy when it comes to the safe and profitable exploitation of new and emerging technologies.”

Come and see Hiscox at BIBA 2011, exhibiting at stand E18.

 

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For further information please contact:

Hiscox Ltd

Abi Clark +44 (0)20 7448 6470 [email protected]

Notes to editors
*Research of 1,000 SME owners was carried out on behalf of Hiscox by RedShift from 23 November to 5th December 2010

About Hiscox

Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group - Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites internationally traded business in the London Market - generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA. Hiscox Insurance Company Limited, Hiscox Underwriting Limited, Hiscox Europe Underwriting Limited and Hiscox Syndicates Limited are authorised and regulated by the Financial Services Authority.

For further information, visit www.hiscox.com


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