Cyber risk is a growing concern for businesses, insurers and reinsurers. Cyber risk is a growing concern for businesses, insurers and reinsurers. (ALM Media archives)

The world of cyber presents an ever evolving risk environment in which attacks can have a global effect on millions of businesses, incurring high severity and high frequency losses.

Two well known recent examples are Wannacry and NotPeyta where each attack affected millions worldwide and caused loss estimations of hundreds of millions of dollars.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Agency Management
Coverage & Policy Issues
E&S/Specialty Lines
Claims Technology
Education & Training
E&S/Specialty
Reinsurance
Cybersecurity
Emerging Risk
Information Security