The cyber space saw numerous developments during 2019, including new privacy regulations, systemic ransomware claims and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, Guy Carpenter sees a number of emerging trends that present both potential challenges and opportunities for our clients, particularly as they relate to COVID-19.
Marsh & McLennan hosted a recent webinar where cyber experts from affiliates Guy Carpenter, Oliver Wyman and Marsh discussed the impacts of COVID-19 on the cyber threat landscape. The webinar, hosted by Siobhan O’Brien, Head of Guy Carpenter’s International Cyber Center of Excellence, delves into how to manage through the immediate crisis, how to evaluate cyber risk and cyber risk transfer options and the possible longer-term impacts on the cyber threat landscape through the transformation of businesses.
- The call is introduced by Siobhan O’Brien from Guy Carpenter’s Cyber Center of Excellence, followed by thoughtful content from affiliates Oliver Wyman and Marsh Risk Consulting.
- Rico Brandenburg and Paul Mee, from Oliver Wyman’s Cyber Platform, discussed the strategies and practical steps businesses, management and workers can take to help reduce the impact of heightened cyber risk to their organization.
- Jano Bermudes, Head of the Cyber Risk Consulting at Marsh, described how cyber is a race against our adversaries, who change their tactics to evade detection and constantly develop new and more effective attacks.
- Question & Answer and closing remarks.