Willis calls 2011 the “Year of the Breach” and says that while companies are rightfully concerned about their Cyber exposures, they need to carefully examine their insurance coverage and risk-management strategies to ensure they are adequately protected.
“The major assets of any Fortune 500 company, whether held in credit-card data or the proprietary recipe for a soda, are intellectual, and attacking the operating system containing this information could bring a company to its knees,” says Ann Longmore, executive vice president of FINEX, Willis' financial, executive-risk and professional-liability business.
She adds, “The boardroom is full of intelligent people, but hackers are endlessly innovative, making this a constantly evolving duel between good and evil over assets and knowledge.”
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