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Cyber Risk: Threats and Insurance Protection for the Mining Sector

This report highlights how networked systems are now in use across all aspects of mining operations, and how a range of cyber-attacks on the sector have raised concerns about the cyber threat.

03/13/2020 · 1 minute read

The world’s leading mining companies now unanimously report that cyber threats are among the principal risks facing their organisations.

Marsh’s report, Cyber Risk: Threats and Insurance Protection for the Mining Sector, highlights how networked systems are now in use across all aspects of mining operations, and how a range of cyber-attacks on the sector - and industry at large - have raised concerns about the cyber threat.

The report highlights specific cyber risks for mining companies, the potential impacts of those threats on operations, and how a greater understanding of those risks now is reflected in a growing suite of cyber insurance solutions.

Topics covered in the report include:

  • Key risks to the mining sector, such as risks to safety and production critical controls; fraud, extortion, and disruption to supplies of critical consumables and utilities; loss of financial data integrity; and loss of exploration data, mining rights and title, and resource definition.
  • The industry’s use of remote access and control systems, such as supervisory control and data access systems and other remote telemetry devices.
  • The insurance market’s response to these threats and the steps involved in designing a suitable cyber insurance program.

To find out more, download the report.

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