The 2020 Global Risks Report, prepared by the World Economic Forum (WEF) with the support of Marsh & McLennan Companies, comes as long-mounting, interconnected risks begin to present themselves, and the need to address them becomes more urgent. ... Continue Reading »
cyber risk
Global Risks Report 2020
The 15th edition of the Global Risks Report has been published by the World Economic Forum with support from Marsh & McLennan. Drawing on feedback from nearly 800 global experts who were asked to rank their concerns in terms of likelihood and impact, this year’s report highlights two core threads across the risks landscape: Intensifying confrontations, both between and ... Continue Reading »
Review of Cyber Risk on GC Capital Ideas
Here we showcase the recent stories that GC Capital Ideas has presented on cyber risks. Particular topics of focus include how to protect data as digital systems become increasingly seamless across platforms, and the views business leaders across the US, Canada and Europe hold on the threat cyberattacks pose. ... Continue Reading »
Marsh & McLennan Companies Cyber Handbook 2020
Cyberattacks are viewed by business leaders as the number one risk in advanced economies for the second year in a row, according to the latest World Economic Forum executive opinion survey. This widespread and continuing apprehension about cybersecurity is reinforced by the results of the Marsh | Microsoft 2019 Global Cyber Risk Perception Survey, which found almost 80 percent ... Continue Reading »
Silent Cyber: Solutions Emerge Amid the Uncertainties
Silent cyber, also known as unintended or non-affirmative coverage, refers to the potential cyber exposures contained within traditional property and casualty insurance policies, which may not implicitly include or exclude cyber risks. Unlike specialist standalone cyber insurance, which clearly defines the parameters of cyber coverage, traditional insurance policies were not ... Continue Reading »
Looking Beyond the Clouds: A Cyber Insurance Industry Catastrophe Loss Study
Because it is essential to develop a deep understanding of the characteristics of cyber catastrophe events and the financial impact they could have on the standalone cyber insurance market as it exists today, CyberCube Analytics (1) and Guy Carpenter have collaborated to help (re)insurers quantify cyber risk by pooling data resources and analytics capabilities to cultivate a ... Continue Reading »
How to Line Up Your Cyber Defense
Given the reality of the cyber threat landscape, you need to determine the tools you need to mitigate and respond to inevitable cyber attacks. Unfortunately, while both the aggressiveness and sophistication of cyber attacks have accelerated, defensive capabilities have been relatively slow to evolve and respond (1). ... Continue Reading »
Review of Silent Cyber Coverage on GC Capital Ideas
Here we present the recent stories that GC Capital Ideas has presented on silent cyber, also known as unintended or non-affirmative coverage, the unknown or unquantified exposures stemming from cyber perils that may be triggered within traditional property and liability insurance policies. ... Continue Reading »
One-Year Anniversary of the GDPR: A Look Back and Ahead
When the European Union’s General Data Protection Regulation (GDPR) took effect in May 2018, it signaled the start of more aggressive privacy oversight and enforcement in an era of rapidly advancing technology. The diversity and scope of enforcement actions, and the intersection of data privacy regulation with technology, are likely to pose increasing challenges for regulators ... Continue Reading »
Social Engineering: The Non-technical Strategy to a Successful Cyber Attack
Cyber threat actors and their techniques have evolved, but most attacks still contain elements of social engineering. Without complex tools, software or extensive knowledge about the security platform, social engineering is an effective, non-technical strategy used by cyber criminals. It relies primarily on human interaction to gain trust and manipulates people into breaking ... Continue Reading »
