Cyber-attacks continue to dominate headlines across the globe and recent breaches highlights the growing reality of cyber risk in today’s hyper-connected world.
Every business, regardless of size, sector or location, is now on the front line, facing increasingly sophisticated and persistent threats from hackers.
Despite this our recent Risk & Resilience report found that 87% of leaders in APAC feel prepared to deal with the evolving cyber threat.
But this confidence may be misplaced, and it’s potentially driving underinvestment in cyber security and leading to underinsurance and gaps in cover. Critically, many are underestimating how far the risks extend, beyond IT and into areas like D&O, where board-level accountability and regulatory scrutiny can have lasting consequences.
Under scrutiny
As businesses begin to learn of the potential cost, perhaps the real challenge comes not in the immediate aftermath of a cyber-attack but when shareholders – including those of private companies, or even a liquidator of a private entity – begin demanding answers to questions such as:
- How did the threat actors get in?
- What due diligence was in place and how quickly…
