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Several recent cyber breaches underscore the new reality in cyber risk management: It’s no longer just IT’s responsibility.
Everyone – from individual employees to risk managers, to your board of directors – now has a stake in managing cyber risk effectively, across the enterprise.
Marsh has taken the data and tools used to insure cyber risk and reshaped them to shine light on how well you are managing the risk. We call it Cyber Assurance. Unlike a lot of cyber risk assessments, our approach is quantitative, based on statistical models used for underwriting cyber risk that calibrate how risk factors for your firm fit the known probability of breach based on reported cyber incidents.
Cyber by Numbers
$445 billion: Estimated annual cost of cybercrime to the global economy.
$120 billion: Expected size of the global cybersecurity market in 2017.
RESEARCH AND BRIEFINGS
Cyber by Numbers
$2 billion: Estimated size of the global cyber insurance market.
50% to 100%: Annual growth rate of the cyber insurance market.
