Are you an Industrial Control Systems Business? Need tips to minimize your loss exposures?

A growing technology segment is the Industrial Control Systems (ICS) industry. ICS collect data from various sensors on a factory floor or from operations in remote locations, and forward this information to a centralized computer system for processing. In turn, the ICS then sends a response to manage the various controller devices in the field or factory floor. However, with this growth comes greater vulnerability to cyber attacks due to increased reliance on open/internet and wireless-based networks. While such networks facilitate easier communications and installations they also expose the system to cyber attacks.

OneBeacon Technology Insurance has recently published a whitepaper describing such loss scenarios and providing guidelines for consideration when establishing an ICS security program. Authored by our Technology Risk Control Specialists Richard Triplett and Tushar Nandwana, you will learn about compliance standards and be pointed to a number of additional helpful resources.

As with all businesses, a proactive risk management approach will help mitigate risk. We hope you find this whitepaper helpful; please let us know what you think!

Ninth Annual OneBeacon College Scholarship Program

We are pleased to announce that the OneBeacon Scholarship program has just released its application for 2012! If you’re a OneBeacon employee or work for an insurance agency/broker/wholesaler that represents OneBeacon—and have a high-school senior at home—read on!

Sixteen deserving members of the class of 2012 will receive a $2,000 scholarship, which is funded by the OneBeacon Charitable Trust. Eight scholarships will be awarded to OneBeacon employees’ children, and another eight will be granted to our producers’ children. For detailed information about the scholarship program, including eligibility requirements, please review the brochure. Winners will be announced in early June.

Applications, along with a complete grade transcript should be postmarked no later than April 15, 2012, and sent to:

OneBeacon Insurance Scholarship Program
Scholarship Management Services
Attn: Shellee Hintz
One Scholarship Way
Saint Peter,MN56082

On behalf of everyone at OneBeacon, best of luck to the Class of 2012!