Cyber Insurance - Understanding the Risk
In this video, from Ace Group, Iain Ainslie explains how Cyber Risk is changing and how it now affects most business.
Iain talks on the disruption, liabilities and the expenses associated with a security breach. He argues that Cyber Risk is no longer just an IT issue, but a top line business risk that needs to be managed at board level.
Whether or you are a start up, a smaller business or a multinational managing the risks to your operations rooted in the technology you depend upon has never been more important and requires clear understanding of your dependencies, vulnerability and plan for how you would cope.
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The annual Global State of Information Security® survey of more than 9,700 security, IT, and business executives has found that the total number of security incidents detected by their respondents climbed to 42.8 million this year, an increase of 48% over 2013. That’s the equivalent of 117,339 incoming attacks per day, every day.