In the nightmare scenario of a corporate cyber attack, the victim is not just one bank or power supply company but many attacked at the same time — and it could happen as early as this year, according to a new study from AIG.
Nine in 10 global cybersecurity and risk experts surveyed by AIG believe that cyber risk is systemic, and more than half said a systemic cyber attack on five to 10 companies is highly likely this year. More than one-third gave almost even odds of an attack on as many as 50 companies this year, and 20% gave similar odds for an attack on as many as 100 companies simultaneously.
Concern about Systemic Cyber Attacks
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
