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Solving the 99% problem is a serious issue. It would be incorrect to say that small business is prepared to mange cyber. Or small business or insurers can rely on insurance and each other to transfer risk, without help.
One only has to look at the rapidly increasing and complex threat from Nation State hackers; the challenges that larger well funded companies face with managing cyber risks; the complexity of complying with cyber regulation and the lack of resources small business have available to manage cyber risk.
It’s not just small business that are vulnerable. 99% of business are SMBs that society relies on to service large companies, pay tax and employ more than 50% of the workforce. Without solutions to manage the 99% cyber problem what happens next?
Is insurance alone the answer?
Ted Dziekanowski
Veritas GRC
#cybersecurity #cyberriskmanagement
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