Marsh Insights: Cyber Liability Board Exposure
As recent high-profile cyber events highlight cyber exposures for organisations and their senior executives, our latest boardroom briefing discusses the current climate.
Cyber is an emerging and growing exposure for directors and officers, especially in the US, where we are beginning to see claims for data breaches.
A cyber event can have a significant impact on a company's reputation and balance sheet, not to mention the personal liability senior managers may face in the wake of a cyber attack on a company.
Management boards should take steps to inform themselves of the cyber risks posed to their companies.
Please see the attached boardroom briefing, created by Eleni Petros (FINPRO, UK), which discusses the current climate, and also focuses on:
- The responsibility of directors and officers (D&O) when managing cyber strategies.
- How a D&O policy will respond in the event of a cyber incident.