Cyber Risk Management Response and Recovery

With staggering economic losses, and the increasing frequency with which attacks occur, it’s no surprise that cyber insurance is increasingly being recognised as a critical tool to enhance cyber resilience. The Organisation of Economic Co-operation and Development (OECD) and other policymakers around the world are recommending actions to stimulate cyber insurance adoption.

Yet cyber insurance has relatively low take-up rates, as many directors and management teams are unsure how to assess its value, or what role insurance should play in their organisation’s larger risk management framework.

In the event of a debilitating attack, cyber insurance and associated services can limit an organisation’s financial losses and help accelerate its recovery. This report from Marsh & McLennan’s Global Risk Center and WomenCorporateDirectors outlines what directors need to know to position cyber insurance within a comprehensive risk management framework.