
Risk in Focus :: Cyber Q1 2024
February 14, 2024
Cyber risk is an evolving and often misunderstood class of risk. Rapid technological change, the ever-increasing reach and skills of hackers, and the unpredictability and often unexpected cost of cyber events compound the challenges and increase the stakes for cyber risk protection.
There are many varieties of cyberattacks. The most frequent are denial of service (DOS), data breaches, ransomware, theft of proprietary information, theft of financial resources, and disruption of supply chains. The common denominator in each of these is the disruption of operations within the organization. Short-term losses from ransom settlements and even financial cybertheft can pale in comparison to the long-term costs incurred due to an operational disruption.
This edition covers:
- Operation Disruption
- Cyber Insurance
Learn more in the latest Risk in Focus :: Cyber report.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
Twitter
LinkedIn
Facebook
YouTube