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The insurance industry is predicted to withstand losses following Fridays Crowdstrike incident.
2024 has seen several major technology and cyber incidents that one could consider significant. Fitch does not believe preliminary lossess will be material. The challenge will be consequential losses, ongoing claims and litigation.
One wonders how the loses from this single day event will materialise going forward? The event like Not Petya was global, but unlike Not Petya it’s breadth and depth of impact was significantly greater.
It won’t take many more incidents like United Health and Crowdstrike to make insurers wake up to digital risk in 2024. Requiring and answer that insurance alone cannot provide.
@Thaddeus Dziekanowski Brian D. McCarthy
Veritas GRC CrowdStrike UnitedHealth Group
#cybersecurity #cyberriskmanagement
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