Cybersecurity can’t just become a priority after an incident has brought a company to its knees, especially as cyber risks continue to escalate in number, severity, and sophistication, according to Aon’s 2019 Cyber Security Risk Report. Today’s boards, C-suites, and security and risk leaders need to be preparing for attacks by continually assessing their vulnerabilities, fixing their security gaps, and proactively mitigating their risks – lest they’re left exposed to the fallout from cyber incidents.
“In the last few years, the nature of the risk is constantly changing. Now, every single crisis goes viral very quickly, and then normally affects the reputation of the company. This can be a cyber incident, a class-action after a cyber incident, a #MeToo crisis,” said Alessandro Lezzi (pictured above), focus group leader of international cyber and tech at Beazley, which recently announced it was combining its capabilities in cyber insurance and executive risk into one division. “Because of this, we’re seeing that all these risks, that are changing all the time, pose an extreme complexity at the board level.”
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