002470 - Purchase of Cyber attack insurance and resilience response

Description

The contract relates to the purchase of cyber attack insurance and also an element of response resilience provided via the insurance to assist DCC in obtaining forensic evidence prior to getting DCC back on line whilst observing the BCP's. This has been denoted as a risk (R0657 - If the Council suffered a successful cyberattack or IT security breach, then it may be unable to effectively deliver essential services) and as Cyber attacks have been experienced by other local authorities at great cost, is becoming more necessary. The insurance cover is for both public liability indemnity cover and also response resilience. Note - This is being recorded as a Direct Award as a mechanism for completing this award, however this has been sourced competitively, using Marsh as our contracted broker. Marsh advised that this market is extremely limited and contacted 6 providers for quotes. 4 providers declined to quote due to us being a public sector industry. A combined tiered approach was recommended by Marsh with Beazley and Resilience with £10million limit.