The Gallagher Cyber Market Update 2024 presents valuable insights into current trends to assist businesses with developing security strategies from a global and local Australian perspective.
The cyber threat landscape is constantly changing, necessitating businesses' approach to risk management and insurance to be adaptable.
Insurance companies play a crucial role in understanding and mitigating the latest cyber threats, having privileged access to information about cyber-related claims and the impact of various threats.
Businesses should expect insurers to adjust underwriting practices and policy terms to address evolving cyber threats.
Sustainable coverage and robust risk management practices should remain paramount while navigating a complex and evolving insurance landscape.
In the event of a cyber attack, a robust cyber insurance policy provides access to experts not only in negotiation but also forensic investigation, remediation measures, as well as cover for the legal and reputational costs involved.
In addition to cyber insurance protection Gallagher offers expertise, advice and resources for building business resilience to withstand cyber security incidents.
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