A heat map of the kidnap, ransom and extortion (KRE) risk around the world, based on Schillings’ expertise and research
Specialists can also advise on extortion,
blackmail and kidnap for ransom brokers, as well as underwriters. They will also provide bespoke crisis management team training, which is often covered under the insurance policy’s “subvention” allowance.
Beyond the money Reputation is often another victim of a mismanaged incident. In the event of an extortion, blackmail or
kidnap occurring, specialist advisers will be able to expertly guide the client and the crisis management team through the entire process, using principles and methodologies developed and proven over several decades. This often includes deploying advisers to the client’s location—usually within 24 hours. In addition to advising on all aspects of
the crisis situation, a specialist adviser will map out the likely sequence of events, the immediate next steps to take, as well as devising a clear strategy for resolving the crisis as quickly and safely as possible.
Extortion,
blackmail and kidnap for ransom: Top tips
• Understand the specifi c risks in the countries you operate in. Prepare, train and adapt to best mitigate these threats
• Insure yourself. Families with business dealings in or who travel to high risk-prone countries should have a robust insurance policy that covers:
- Prevention, preparedness and crisis management team training by a specialist response team
- Financial reimbursement During the negotiation, the adviser will
constantly be on hand to steer the family through the process and will advise on a range of established negotiation tools that will help to ensure the safe and timely release of the victim, funds or information. These can include a proof of life, financial strategy, communication scripts, release and post-release management, media engagement and reputation and privacy protection. In any extortion, blackmail and kidnap
negotiation, a number of stakeholders will be involved. From a reputational perspective, these third parties, including government, local authorities and family members, will need to be managed carefully in order to minimise any media interest that could be detrimental to negotiations or the reputation of the individual or organisation. Confidentiality during an extortion, blackmail or kidnap for ransom incident is a key component of a successful outcome.
of all costs associated with an insured event - Immediate access to a specialist response team who can advise on the complex and sensitive issues that need to be addressed during an extortion, blackmail or kidnap incident
• Maintain confi dentiality at every level of your family
and organisation. Regularly review your social media and online exposure
• In the event of an incident, engage trusted advisers and act quickly to regain control
• Plan for post-incident, including the long-term effects on reputation and future attack vulnerability.
About Schillings: Schillings is an issues and crisis law fi rm specialising in threats to reputation and privacy. They provide a premier response service dedicated to extortion,
blackmail, kidnap for ransom and cyber-attack for wealth owners and international families.
Schillings T. +44 (0)20 7034 9000 E.
John.Chase@
schillingspartners.com
Brittany.Damora@
schillingspartners.com
W.
www.schillings
partners.com
ISSUE 73 | 2018
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