He joined WTW from Sedgwick, where he was the APAC cyber product head and was responsible for triaging major cyber claims and assessing the resulting financial losses on behalf of clients and insurers. He also coordinated incident response and helped manage more than 400 cyber incidents, including dealing with ransomware, phishing, DDoS, operational shutdowns and data breaches, and developing cyber assessment programs for organisations.
Some of his other roles were senior transformation manager for Woolworths and equities chief operating officer at Credit Suisse.
As the new cyber risk consultant at WTW, Smit will be based in the company’s Sydney office.
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Data released by the Australian Cyber Security Centre shows a growing number of cyber-related issues, with more than 67,500 cybercrime reports in the 2020/21 financial year (a rise of 13% on the previous year) and self-reported losses by Australian businesses over $33 billion.
Considering this data, WTW Australasian cyber and technology risk team leader Ben Di Marco said Smit’s appointment…
