Call us now:
This is a big deal, the wording does not relay the severity of what is happening to cyber insurance.
The insurance industry has been chasing the cyber dragon for several years, aiming to make money from a volatile, poorly managed, pooly controlled risk. A risk that threatens national security. Thinking there’s an easy solution to cyber risk transfer.
In recent years we’ve seem cyber move from an extreme, low probability event, to a high probability, expected loss event. Without the prerequisite levels of management by those who are insured. A risk that is bring regulated ‘Left of Bang’ by nation states.
It does not take many Jaguar Land Rover, or United Health events to realise cyber insurance is unsustainable in its current guise.
@Thaddeus Dziekanowski Brian D. McCarthy
Veritas GRC Beazley
#cyberinsurance
https://lnkd.in/emGF_uMd
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