AUG 8, 2014 5:00am ET

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Commentary

Cyber Risk Strategy Must Evolve to Match Changing Threats

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Technology is the lifeblood of financial services today, with platforms designed for sharing data acting as the circulatory system linking insurers internally as well as externally with customers. While the Internet and mobile access and cloud computing among others are seen as the standard by most consumers, they also offer irresistible targets for bad actors with various motivations from larceny to political protest to industrial espionage and everything in between.

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Comments (1)
I'd like to ask those 37% and 29% who 'believe' it is a threat about the measures they are undertaking? Cyber risk is real, but rather than making it a hype of a threat, you need to ensure your legal and IT / network security teams at on the ball. There are several integration points and security and due-diligence needs to build sturdily. The basic level security measures needs to set a high benchmark to weed out plenty of threats. These surveys are far more predictive, but the actionable insights need to evolve from real data experience like these http://goo.gl/ew2TsV
Posted by Eamon W | Saturday, August 09 2014 at 1:39PM ET
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