Ransomware attacks have continued hitting the headlines, and has rapidly become the key cyber threat to organisations globally. This despite an increasingly active and disruptive geopolitical threat picture with individual organisations, global supply chains and critical infrastructure also increasingly targeted by state-linked actors.

This report is report designed to help UK businesses understand the unique risks they face and plan for the future. It found unsurprisingly that public health events topped businesses' key risks followed by changes in legislation and business interruption.

Managing cyber risk in today’s world as it relates to law is vast a topic, and as such, there is far too much information to cover in one article. This article is part one of three to go over the complexities that come with cyber risk and law firms, although the issues raised apply equally to other sectors.

The Insurance Act was the most fundamental change to UK law governing commercial insurance and reinsurance since the Marine Insurance Act 1906. It governs all polices placed, amended or renewed after the 12th August 2016 and aimed to address the imbalance between insurer and insured rights and encourage a deeper understanding of the risk by all relevant parties. The legislation made significant changes to: the pre-contract duty of disclosure, insurer remedies in the event of a breach of the new duty of fair representation and certain terms used in policy wordings. This guide aims to assist risk professionals in making the most of the benefits of the Insurance Act, while ensuring their own compliance with the duties placed upon them.