June 27th, 2018

Why All the Talk about Cyber?

Posted at 1:00 AM ET

GC Capital Ideas has recently posted several articles about cyber security and the need to implement robust prevention and response mechanisms. Posts on cyber typically are among our most viewed stories.

Cyber risk has become increasingly more significant in the last few years. In 2013, cyber security was treated as an emerging risk – one that was not having an impact on entities on a daily basis. However, in just five years it has become the number one external risk, as stated in the report Cyber Risk Management; Response and Recovery from Marsh & McLennan’s Global Risk Center and WomenCorporateDirectors. Global cybercrime has become so sophisticated that Marsh & McLennan Companies Cyber Risk Handbook 2018 called it a “mature” sector.

To help clients face this increasingly complex challenge, Guy Carpenter continuously invests in tools and resources that allow us to offer innovative cyber reinsurance solutions – most recently we reported on an advanced cyber risk modeling platform to meet today’s rapidly evolving risk factors.

We would also like to draw your attention to: Internet of Things: Building Cyber Resilience in a Connected World.

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