Williams Towers Watson announced a partnership yesterday (8 September) with the University of Oxford to conduct research into the cost of equity arising from cyber breaches.
The new partnership will develop research looking at increases into systematic risk, the nature of ‘‘cyberattack’’ resilience and the current risk landscape of AI-facilitated impersonation for fraudulent purposes.
The global advisory and broking company’s aim is to ensure its clients can not only benefit from the findings, but also from shared best practice across the industry.
The first piece of research is expected later in 2020, with further installments to follow in 2021.
Peter Foster, chairman of Cyber Risk Solutions, said: ‘‘We are delighted to be in partnership with the University of Oxford and it’s world class research facilities to investigate further the impact that cyber security risk has on an organisation’s risk profile.
‘‘This unprecedented research project will enable us to provide an in-depth look into the implications of cyber security and to enhance existing solutions as well as advise our clients on how to mitigate this ongoing and ever-increasing risk factor.’’
Stuart Calam, programme director at Willis Research Network, said: ‘‘The work at the University of Oxford perfectly complements our existing partnerships and allows us to expand on our technology risk research themes which combine broad areas of understanding with niche areas of research reflecting the specialist knowledge typical in this field.
‘‘We look forward to developing our relationship with the Cyber Security Centre further over the course of this work.’’