Cyber: It’s in Everything You Do. So What Does That Mean for the Insurance Industry?

Cyber: It’s in Everything You Do. So What Does That Mean for the Insurance Industry?
Wherever you go, whatever you do, cyber risk is always following you. From phishing attacks sent via email and opened on your phone to someone gaining access to your network using a smart appliance in your home, cyber risk is a growing and ever present risk.

Hackers are becoming ever more sophisticated and it has many employers worrying if their company-wide cyber security trainings will ever be able to keep up. 

“There is a realization that the ability of bad actors to perpetrate attacks is moving faster than the ability of companies to train their employees.  This will likely be a continued area of focus,” said Chris Beck, managing director of Milliman’s cyber risk solutions group. 

A panel at The Insurance Information Institute’s (Triple-I) Joint Industry Forum aimed to address the growing threat of cyber attacks and how insurers can respond. 

Source: Risk & Insurance

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