With cybersecurity taking over the headlines, information security experts and the insurance industry stand poised to guide organizations as they go through the necessary act of processing of assessing, mitigating, and transferring cyber risk.
Revelations of cyber attacks throughout the US presidential election cycle should leave no doubt for businesses, government entities, and individuals that hackers all over the world aren’t likely to quit hacking now that the election is over. Recent reports and actions offer insight into lessons that should be drawn from the widely publicized hacks of 2016, the type of threats that will come in the future, and how the insurance market and government regulators will respond.