The COVID-19 outbreak has created enormous and swift changes that companies cannot ignore the cyber challenges associated with a largely or entirely remote workforce. Cybersecurity is getting ever more important and FAST! The coronavirus pandemic has led to an unprecedented global surge in cybersecurity risks with governments around the world employing mobile data tracking, individuals working from home and companies going fully digital with clients on most fronts, and the increasing hacking.
How is the insurance industry responding? Asia Insurance Review has put together a dynamic virtual event on Managing Cyber Risks in the Current Crisis to look at:
• Do businesses have enough cyber protection?
• Are businesses adapting quickly enough to cover the ADDITIONAL risk of people working from home? E.g. additional security threats from platforms like Zoom – also, large amounts of commercially sensitive information is now sitting on poorly defended laptops that are using the same network that the kids are using to stream TV and do their school work.
• Are insurers offering enough new products to cover the ADDITIONAL risk of people working from home?
• Are reinsurers acting as leaders or followers in helping insurers adapt to this changing landscape?
In the COVID-19 era, what are the insurers’ cyber exposures? How do companies ensure that their business is mask protected? And beware the innocent homebound hackers!