Ernst & Young has teamed up with RiskBlock Alliance, a non-profit enterprise blockchain consortium for the risk management industry, to provide blockchain-specific cybersecurity and risk management guidance. The services will support the consortium’s efforts to implement and test a number of uses for blockchain-based tools and applications in the re-insurance industry. EY will collaborate with the RiskBlock Alliance to identify risks unique to its blockchain, identify leading practice controls, and provide blockchain-specific cybersecurity assessments and testing. RiskBlock was founded in 2017 as an inter-organisational effort to leverage the blockchain to lower industry transaction costs while increasing the speed and security of data transfers among customers, industry stakeholders and third parties. The consortium currently has about 30 members, including Accenture, Munich Reinsurance America Inc., Chubb Ltd., The Hanover Insurance Group Inc., Liberty Mutual Insurance Co. and RenaissanceRe, among others.
DORA test coming as EU watchdogs want to see ICT contracts
April 19, 2024
