Cyber risk has become a leading issue for many organizations as awareness of cloud computing, social media, corporate Bring Your Own Device policies, big data, and state-sponsored espionage has grown and recently been amplified by President Obama's Cybersecurity Executive Order. In an increasingly punitive legal and regulatory environment, and in the face of more frequent contractual insurance requirements specifying cyber liability, forward -thinking companies are taking proactive steps to explore and transfer cyber risk.
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Cisco, Apple, Aon, Allianz Introduce a First in Cyber Risk Management
Combined Approach Integrates Technology, Services and Enhanced Cyber Insurance to Make Businesses More Resilient
San Jose, CA–February 05, 2018– Cisco, Apple, Aon and Allianz today announced a new cyber risk management solution for businesses, comprised of cyber resilience evaluation services from Aon, the most secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from Allianz. The new solution is designed to help a wider range of organizations better manage and protect themselves from cyber risk associated with ransomware and other malware-related threats, which are the most common threats faced by organizations today.
Is cyber risk a D&O risk?
For years, insurance industry pundits predicted that cyber-related losses could lead to directors’ and officers’ liability. Prior to 2017, that concern was largely overstated since most headlining cyber breaches resulted in dismissal of the related ‘follow on’ shareholder derivative directors’ and officers’ (D&O) litigation.
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Cyber is a fast-growing enterprise risk, not just an IT risk.
Aon colleague Kevin Kalinich contributes to what you need to know when comes to cyber risk management in Domenic Antonucci’s new book: The Cyber Risk Handbook: Creating and Measuring Effective Cybersecurity Capabilities.
- Learn how cyber risk management can be integrated to better protect your enterprise.
- Aon Cyber Leader Kevin Kalinich explains how you can manage cyber risks through insurance and finance.
- Is your organization’s CFO modeling your cyber exposures frequency and severity to compare the benefits of invest in IT security versus insurance?
Aon's 2018 CyberSecurityPredictions DOWNLOAD NOW
We invite you to download our most recent reports on this important subject, which detail the risk profile, regulatory issues, and risk transfer marketplace both generally and specifically with respect to companies in the legal, higher education, and health care industries.
2017 EMEA Cyber Risk Transfer Comparison Report
EMEA organizations recognize the growing value of technology and data assets relative to historical tangible assets, but spend four times more budget on insurance for Property, Plant & Equipment risks. Download Report.
2017 Global Cyber Risk Transfer Comparison Report
Ponemon Institute is pleased to present the 2017 Cyber Risk Transfer Comparison Report sponsored by Aon Risk Solutions. The purpose of the research is to compare the relative insurance protection of certain tangible versus intangible assets. Download Report.
2017 North America Cyber Risk Transfer Comparison Report
The increasing cyber threat – How do cyber asset values and potential losses compare to tangible asset values and potential losses from an organization’s other perils? Download report.
Click here to download all reports.
Webinars & Speaking Engagements
2018 Client World RIMS Conference
The RIMS Conference is always full of great learning opportunities and networking activities and this year is no exception.
Sunday, April 15 - Wednesday, April 18, 2018 | Location: Henry B. Gonzalez Convention Center 900 E Market St San Antonio, TX 78205
Click here for more information.
Webinar: 2018 Cyber Predictions Report & Insights
Wednesday, March 7 2:00 pm ET
Join Aon as we explore the recently released 2018 Cybersecurity Predictions Report as well as discuss cyber risk trends that we have seen so far this year.
Webinar: The Evolving Nature of Cyber Risk
View the webinar. Legendary former con-artist and one of the world's top fraud prevention experts – Frank Abagnale, bestselling author of Catch Me If You Can – will share his unique perspective on identifying threats and tackling security in the digital age. Read more.
Webinar: Interconnected Risks in an Increasingly Digital Business Setting
View the webinar. Collectively understanding, measuring and treating interconnected risks has a greater net effect of reducing the overall organization risk profile than treating these connected risks individually. A fundamental tenet of rapidly evolving risks created by digital advancements is their increased interdependence. Read more.
Webinar: Cyber Risk: Then and Now
View the webinar. The digital revolution is changing everything. Today, companies use technology to advance sales, power innovation, increase efficiency and facilitate data and analytics. Read more.
Webinar: Data Breach - Learn to Protect Yourself
View the webinar. The costs of retail cyber breaches run into the hundreds of millions of dollars. One doesn’t have to dig too far into daily news reports to find examples of breaches that have affected tens of millions of customers. Read more.
Webinar: Cyber Risk 2.0: Expanding the Boundaries of Cyber Coverage
View a one-hour webinar with a panel of experts that looks at a framework for the next generation of cyber risk coverage. What would cyber risk 2.0 look like, and how can business in all industries achieve better cyber security as well as balance sheet and reputation protection?