Cyber terrorists are equal-opportunity attackers. They have targeted businesses ranging from small mom & pop enterprises and sole-proprietorships to hospitals, schools, government entities, multi-national corporations, and even insurance companies. CNA, Aon and Lloyd's of London are just several of the insurance entities targeted by ransomware attacks and hackers.
Cyberattacks can be state-sponsored by foreign governments, the work of gangs who have made ransomware a very successful business model, or by other bad actors seeking money, information, or intent on disrupting the operations of a business.
Insurers have become prime targets for all of these reasons, and Tom Egglestone who is the international claims leader, UK and Europe for Resilience, joins us in this edition of Insurance Speak to help unpack some of the risks and understand why insurers are frequently the object of these attacks. Egglestone has specialized in cyber insurance for the past seven years and has handled some of the most complex cyber incidents within the London Market.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
