General Insurance Article - Comment on Cyber impact following WEF Global Risks Report

 “The shift in attacks from those that are economically motivated against businesses to government sponsored shows a need to properly prepare in an evolving risk landscape, not just for an attack, but also the potential consequences that can stem from such an incident. As the huge losses from the WannaCry and NotPetya attacks have shown, cyber attacks can have a huge, and long term, impact that can rival those of natural disasters. With the continuing rise in cyber-dependency, the potential impact and likelihood of cyber attacks will only increase, and a collaborative response from the private and public sector will be vital in preparing for future incidents, despite the current geopolitical environment hampering global co-ordination.”

 Global Risks Report