Aon SVP Belfiore on Corporate Cyber Risk

November 1st, 2018|Categories: HB Risk Notes|Tags: , , , |

Cyber Risk of Paramount Concern to Corporate Boards Lack of History Remains a Challenge "Cyber security is the most polarizing issue on the corporate board agenda these days," says Anthony Belfiore, SVP and Chief Information Security Officer at Aon. "It has the most potential impact and the most regulatory pressure among all risks companies face. Nothing is more top of mind right now." "You just have to look at the amount of media coverage and the actual realized impacts companies are experiencing. Hundreds of thousands of businesses from big to small are being affected. The entire healthcare system in the UK went down. The impact is tangible. It’s affecting day-to-day operations," he says. “And no one is immune. Board members come from a diverse set of industries, and all are impacted." Why is cyber risk such a hot button for companies versus other types of risks? "The [...]

Willis Towers Watson: Cyber Risk Top D&O Concern

July 22nd, 2018|Categories: HB Risk Notes|Tags: , , |

Based on their survey, Willis Towers Watson says cyber risk continues to top the list of concerns for directors and officers (right up there with employee claims). As for coverage, while they care about price, things like their relationship with the carriers and how well they handle claims are critical elements. And, maybe one key reason cyber events keep happening: "Only 13% of board members feel that their organizations learn from past cyber mistakes." Read the results of the Willis Towers Watson survey. 

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