Cyber trends and predictions in 2021

To enlighten organisations on the key cyber risks that will impact businesses and to help build preparedness and resiliency around these, Marsh’s cyber insurance and risk specialists have published the 2021 Cyber Risk Trends Report.

2021 has seen an active cyber threat landscape with several reported attacks directed at Managed Service Providers (MSPs) and threat actors exploiting known vulnerabilities in the Microsoft Exchange server.

The regulatory landscape is also under the spotlight, with a review of Australia’s Privacy legislation currently underway and the expected enactment of the Security Legislation Amendment (Critical Infrastructure) Bill 2020 later this year.

What else do organisations have to watch out for?

Marsh’s 2021 Cyber Risk Trends Report reveals: 

  • Seven emerging cyber trends to keep an eye on, including: 
  • Remote working
  • Ransomware
  • Internet of Things (IoT)
  • Critical Infrastructure
  • Hyperautomation
  • Cryptocurrency 
  • Increased attackd against MSPs
  • Insights to help inform and shape cyber risk resilience planning and information technology 

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LCPA number: 21/186 

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”