Cyber risk still remains a top concern for CROs of insurance carriers, with insurance and technology risk sitting in the top 5 risk concerns.

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Cyber risk still remains a top concern for CROs of insurance carriers, with insurance and technology risk sitting in the top 5 risk concerns. Human capital risk is also ranked high over a one-year outlook as attracting and retaining talent is a problem.

Cyber, technology and human capital risks are dependent risks that require a solution focused on talent management and education. Insurance carriers in the EU face a challenge as cyber is also being regulated by EU DORA, requiring insurance companies demonstrate their management of cybersecurity risks.

One feels we are sitting in a virtuous circle. Where a lack of resources is fueled by a lack of education that fuels human capital risk, that fuels cyber and technology risk management. Affecting carriers ability to oversight and assure cybersecurity risk; affecting the ability of companies to manage cyber risk. At a time when the threat of cyber attacks just keeps increasing.

@Thaddeus Dziekanowski Brian D. McCarthy

Veritas GRC

#cybersecurity #cyberriskmanagement #cyberattack #cyberinsurance

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