A centre of excellence focused on the growing complexities of cyber threats and supporting businesses to reduce the impact of cyber-attacks is to be created at Exeter Science Park.
James Hallam Insurance is developing a cyber and technology hub at its new Exeter Science Park offices with a dedicated team focusing on the rapidly growing cyber and technology sector, assisting businesses facing complex risks and providing specialised risk management and insurance solutions to clients throughout the UK.
With the rapid escalation of cyber risks in today’s digital age, businesses of all sizes are increasingly vulnerable to cyber-attacks, data breaches, and other online threats.
Recognising the need for specialised expertise in this area, the company has invested in creating a dedicated team of cyber risk professionals at Exeter Science Park. This new centre will serve as a hub for research, risk assessment, and the development of tailored cyber insurance products designed to meet the needs of modern businesses.
The team, which has been working with business incubator SETsquared for around five years, are planning to link with Exeter College and the University of Exeter. They will also be recruiting new staff to their Exeter Science Park base.
Stephen King, cyber and technology risks director of James Hallam, said: “Through our work with SETSquared we had become very familiar with Exeter Science Park and got to know many of the businesses based here. It was also clear that the tech sector in this area was growing significantly, so this felt like a natural progression.”
“As cyber threats become more sophisticated, it is essential that we stay ahead of the curve to provide our clients with the most comprehensive protection available. Our new office location, surrounded by a thriving community of innovative tech companies, is the perfect environment to foster collaboration and drive advancements in cyber risk management.”
Jason Buck, senior business development manager at Exeter Science Park , said: “We are delighted to welcome Steve and his team to Exeter Science Park and look forward to supporting their work in developing products to mitigate the ever increasing risk of cyber-attacks on business.”
