Managing Cyber Exposure: 2020 and Beyond – Part 2

Excerpt From Part 1:

Cyber extortion is growing. Risk Management professionals are dealing with the issues of unintentional disclosure of data, damaged and stolen data, data restoration, and malicious breaches. We are also witnessing more unauthorized data collections of intellectual property which cause significant losses that are typically not covered under cyber policies.

In addition, we are aware that devices are constantly fighting phishing, spoofing, farming, and smishing attempts. We must also account for vendor errors as well as the technology errors and omissions claims that come with them, not to mention losses caused by business interruption, extra expenses, and expediting expense exposures. As the world of cloud computing continues to explode and data remains at risk, what are we to do in response to these evolving exposures?

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