The jump in cyber attacks is challenging how boards approach risk management and their readiness to handle emerging threats, says WomenCorporateDirectors (WCD) and Marsh & McLennan Companies’ Global Risk Center new joint report, Cyber Risk Management Response and Recovery.
“With increasing threats of attack on their data and systems, boards are demanding much more information about their organizations’ risk and how well they are covered against loss and breaches,” says Susan C. Keating, CEO of WCD.
As the annual global economic cost of cyber-crime skyrockets, WCD has teamed up with Marsh & McLennan’s Global Risk Center to explore hot-button issues for directors in the area of cybersecurity, including expanding regulatory requirements and boards’ heightened responsibility to oversee new risks.
Marsh & McLennan’s Global Risk Center interviewed WCD corporate directors to identify how companies are addressing cyber threats and the use of cyber insurance. “As the global regulatory landscape becomes more complex, cyber security is gaining increased board level attention,” said Elisabeth Case, U.S….
