How the Risk Transfer Market Views Cyber Liability
Over the past several years we have witnessed a significant increase in the global frequency, severity and complexity of Cyber incidents. We are finding that ransomware, which is an information systems attack that can only be resolved through the payment of a ransom to the perpetrator, has dramatically outpaced data Breach and privacy events. Between Q3 2018 to Q4 2020 the frequency of ransomware attacks have been up 486% where data extortion has occurred in 75% of all ransomware cases. The average downtime in 2020 of cyber related disruption has been 20 days. It is very clear that all industry sectors are being attacked with a higher proportion focused on the public sector (11.6%), professional services (25.2%), healthcare (11.3%) and automotive sector (7%). Based on what we know, what are the dimensions of the problem and how might organizations begin to mitigate these costly and disruptive events?
View Experian Cyber White Paper PDF
Recorded: Mar 31, 2022
The Future of Investment
Join investors Catherine Wood, Jacqueline Reses, and USC’s Amy Diamond as they discuss the impact of geopolitics in investing, crypto, and the rise of private markets and alternative investments with Dean Geoff Garrett.
Recorded Mar 14, 2022