As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both potential challenges and opportunities.
The global COVID-19 pandemic has had dramatic effects on operating models and modes of working, technology choices and tech tools utilization, risk controls environment, risk monitoring capabilities, and more. Combined with rogue actor motivations, which have amplified the cyber risk exposure of organizations, Guy Carpenter-affiliate Oliver Wyman sees clear changes and increases in attack surfaces, the emergence of new threat vectors, increased criminal cyber activity and increasing human resource and communication challenges – all of which are making this already complex risk domain into an even bigger challenge. Financial institutions, in particular, have been hit more significantly due to the nature of the business and importance to maintain operations during this crisis.
In this webinar on Cyber Resilience, COVID-19 Response and the ‘New Normal’ – Learnings and Predictions, Oliver Wyman shares insights on the following:
- How COVID-19 has impacted the cyber risk landscape.
- Nature of emerging cyber threats and cyber risk management priorities, including practical lessons and experiences from multiple industries.
- Areas that cyber security, risk and technology professionals should focus on in the next six to 18 months and clear actions that any organizations needs to consider moving forward.
Speakers include Oliver Wyman colleagues:
- Dr. Greg Rattray – Senior Advisor
- Vadim Kosin – Partner, Head of Digital, Asia Pacific
- Alon Cliff-Tavor – Partner, Digital
- Jayant Raman – Partner and Anti-Financial Crime Head, Asia Pacific
- Tanishq Goyal – Engagement Manager, Financial Services
Guy Carpenter’s Cyber Global Center of Excellence is actively following and responding to significant developments in the cyber risk sphere and helping clients adapt to evolving technologies.