VIG gets European Union funding to launch new cyber security programme
Vienna Insurance Group (VIG) has secured funding from the European Union through the European Cybersecurity Competence Centre to launch a new cyber security programme.
VIG has initiated a comprehensive programme to increase protection against growing cyber threats. The company has established three competence centres in Austria, Poland and Czech Republic to services to the group companies.
The Cyber Defence Center programme (CDC) team comprises of information security experts who protect the company by detecting, analysing and averting cyber threats using semi-automated processes and advanced technology. The Group’s IT systems are continuously monitored for signs of a cyber security incident. VIG said the CDC works around the clock to ensure a rapid response to any threats that arise.
The World Economic Forum’s “Global Risk Report 2024” warned that new types of attacks based on artificial intelligence in particular, such as deepfakes, are increasing rapidly. Cyber insecurity was ranked fourth among the top ten risks.
Gerhard Lahner, chief operating officer on the managing board of VIG, said: “The methods and attempts of external attacks are constantly changing. We have therefore established a Group-wide Cyber Defence Centre programme to protect our business and our Group customers from the risk of cyber-attacks and to further increase VIG’s security level. We are very pleased that the EU recognises our activities and supports the programme.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
