RISK in Focus is an overview to show recent risks in the workplace, on the jobsite and throughout the world.

Cyber risk is an evolving and often misunderstood class of risk. Rapid technological change, the ever-increasing reach and skills of hackers, and the unpredictability and often unexpected cost of cyber events compound the challenges and increase the stakes for cyber risk protection.

There are many varieties of cyberattacks. The most frequent are denial of service (DOS), data breaches, ransomware, theft of proprietary information, theft of financial resources, and disruption of supply chains. The common denominator in each of these is the disruption of operations within the organization. Short-term losses from ransom settlements and even financial cybertheft can pale in comparison to the long-term costs incurred due to an operational disruption.

 

This edition covers:

+ Operation Disruption

+ Cyber Insurance