Posts Tagged ‘cyber risk’



January 17th, 2019

Global Risks Report: Heightened Geopolitical and Geoeconomic Tensions

Posted at 1:00 AM ET

extreme-weather-2Profound political, economic, societal, technological and environmental transformations are occurring at an unprecedented scale and pace and have become a part of day-to-day business life, according to the 14th edition of The Global Risks Report, prepared by the World Economic Forum (WEF) with the support of Marsh & McLennan Companies and other partners.

This year’s report highlights a divided and disrupted world, characterized by heightened geopolitical and geoeconomic tensions, rising technological instabilities and increased environmental concern due to climate change. Continue reading…

January 3rd, 2019

Cyberattacks Top Risk to Doing Business in India

Posted at 1:00 AM ET

14shades_thumbnailA growing dependency on data and digitization efforts have increased the risks of cyberattacks in India, says the report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns in Asia-Pacific by Marsh & McLennan Companies’ Asia-Pacific Risk Center.

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December 24th, 2018

The Dangers Lurking in the Union between Construction and Emerging Tech

Posted at 1:00 AM ET

adrian_pellan_hsAdrian Pellen, Infrastructure Segment Leader, U.S. and Canada Construction Practice at Marsh

Contact

Technology startups geared toward the construction industry are booming. Contractors are adopting wearable tech to prevent and mitigate worker injuries and using 3D printing technologies for building components. The industry has seen a proliferation of building information modeling to foster digital collaboration between architects, engineers and contractors.

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December 20th, 2018

Affirmative versus Silent Cyber: An Overview

Posted at 1:00 AM ET

While the current debate over “affirmative” versus “non-affirmative” coverage has been ongoing for a few years, WannaCry and Petya/NotPetya cyberattacks helped make the issue of ”silent cyber” more critical. These two 2017 cyberattacks effectively shifted the conversation from data breach, notification costs and third-party liability to first-party liability insuring agreements due to the extent and expanse of the systematic, large-scale damages they triggered.

Continue reading…

December 13th, 2018

Europe Experienced Increased Cyberattacks in the First Half of 2018

Posted at 1:00 AM ET

banner-image_editedhmj-500x500Estimates suggest that the number of cyberattacks across Europe increased by around a third in the first quarter of 2018, compared to the same period last year, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

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December 6th, 2018

Cyberattacks Emerge as Leading Risk in East Asia and the Pacific

Posted at 1:00 AM ET

herde_thomasCyberattacks are the leading risk to doing business across East Asia and the Pacific, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

The WEF study surveyed about 12,500 executives across 140 countries on the five biggest risks to doing business in their respective countries over the next 10 years. In Asia Pacific, cyberattacks topped the list in Indonesia, Japan and Singapore. The prominence of cyberattacks as a concern among the region’s businesses reflects the rapid pace of digitization and the increasing sophistication of the region’s economies, the study says.

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November 29th, 2018

Asia Pacific: Cyber Dependency and the Increased Frequency and Sophistication of Cyberattacks

Posted at 10:00 AM ET

_offset_472526_smallIncreasing dependence on technology by businesses and cities in Asia Pacific leads to two major implications for the region, says a study by the Asia-Pacific Risk Center of Marsh & McLennan Companies, Guy Carpenter’s parent company.

From Threats to Impact - Evolving Risk Concerns in Asia-Pacific says this dependence will lead to a growing demand for Information and Communication Technology (ICT) infrastructure, which is currently not being met. On the other, it also means that cities and businesses in the region are progressively under the threat of a systemic breakdown from a cyberattack.

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November 27th, 2018

Cyberattacks Top the List of Risks in North America

Posted at 10:00 AM ET

For business executives in the United States and Canada, cyberattacks are now the number one risk to doing business, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

Jeremy S. Platt, Managing Director and Cyber Solutions Specialty Practice Leader at Guy Carpenter, says: “2017 was an important year in cybersecurity because businesses around the globe learned firsthand how far-reaching and devastating a cyberattack can be on a business. Last year, WannaCry and Petya/NotPetya proved the speed and breadth at which cyberattacks were able to cause widespread disruption, damages and loss at magnitudes not previously considered.”

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November 20th, 2018

Affirmative versus Silent Cyber: An Overview

Posted at 1:01 AM ET

While the current debate over “affirmative” versus  “non-affirmative” coverage has been ongoing for a few years, WannaCry and Petya/NotPetya cyberattacks helped make the issue of ”silent cyber” more critical. These two 2017 cyberattacks effectively shifted the conversation from data breach, notification costs and third-party liability to first-party liability insuring agreements due to the extent and expanse of the systematic, large-scale damages they triggered.

Continue reading…