Tag: cyber insurance
Are insurers staying ahead of growing cybersecurity risks?
Our latest findings on State of Cyber Resilience shows that cyberattacks on insurers have more than doubled (from 240 to 519 attacks, on average), illustrating the current cyber climate for insurers: It’s volatile. This number is more than twice as much as the cross-industry cyber resilience leaders in the survey and over three times more than their banking peers.
The imminent reality of a cyber attack!
Participants in 2019 Global Risk Management Survey ranked cyberattacks and data breaches as #6 in the top 10 risks currently facing organisations. The risk entered the Top 10 list for the first time (at #9) in 2015 and is projected to go from #6 to #3 in the next three years. As a result it is seen as no longer an if, but when a business will experience a cyber attack.
Cyber liability insurance
Every organisation with a network, an online presence and holding or accessing confidential data is at risk of cyber-breach or attack. The very nature of the internet means that cyber criminals from anywhere in the world can hit any specific targets.
