The growing cyber threat for insurers | KPMG | UK

The growing cyber threat for insurers

The growing cyber threat for insurers

With cyber-attacks on the rise, are insurance companies equipped and ready to protect their clients?

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The growing cyber threat for insurers - microchip surveillance camera

Global cybercrime is now estimated to cost organisations $400bn a year and attacks, such as WannaCry, are impacting over 200,000 systems worldwide. In this adaptation of Closing the Gap we examine the true cost of cybercrime and what this means for insurance companies.

Key highlights include:

  • The changing cyber risk climate and rising pressure on insurers;
  • The immediate and slow burn costs of a cyber attack;
  • Five key areas for insurers to address cyber risks.
     

Read the full Closing the gap - cyber security and the insurance sector report. (161 KB)

 

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