Overconfidence after in investing in security and protection.
Risk Manager's Checklist
5
Number of confirmed business data breaches in 2019.
Trillion
Remain vigilant after investing in security and protection.
World Economic Forum
The Cybersecurity Guide for Leaders in Today's Digital World
The human factor is a big risk.
1
80
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The amount financial firms spend per employee to defend computer networks against criminals.
Source
McKinsey Global Institute
Developing more robust levels of cyber resilience is now the order of the day, and this is as much about developing a new culture and mindset as it is about adopting different processes and technology."
Percentage of all data breaches that originate in the supply chain.
The human factor is a big risk.
Source
Zurich Insurance Group
Differentiate your business by managing cyber risk better than your competitors.
Increase awareness of cyber best practices
It’s important not to be overconfident on cybersecurity alone as many social engineering tactics can introduce malware into systems with relative ease. Therefore, it’s crucial that companies place equal emphasis on business continuity and business resilience.”
Cyber risk is no longer just about information security. It permeates across all functions within a given organization.”
This bottom-line impact shows why cybersecurity is a core business concern. According to the World Economic Forum, cybersecurity has a direct influence on business reputation, stock value, revenue, brand equity, customer relations and a product's time to market.
Business leaders today must change cybersecurity from a function that supports the business into a function that drives business growth. That means delivering a clear message about how cyber resilience is essential to business success, and establishing that mindset throughout the organization, from the C-suite to teams on the front line.
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Run crisis management and desktop scenario exercises.
Differentiate your business by managing cyber risk better than your competitors.
Number of confirmed business data breaches in 2019.
"
The amount financial firms spend per employee to defend computer networks from criminals.
This bottom-line impact shows why cybersecurity is a core business concern. According to the World Economic Forum, cybersecurity has a direct influence on business reputation, stock value, revenue, brand equity, customer relations and a product's time to market.
Business leaders today must change cybersecurity from a function that supports the business into a function that drives business growth. That means delivering a clear message about how cyber resilience is essential to business success, and establishing that mindset throughout the organization, from the C-suite to teams on the front line.
”
%
5
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Manage IT; don't rely on insurance alone.
Source
McKinsey Global Institute
Learn More
Average loss in market capitalization following a cyberattack.
Source
RSA
Source
Zurich Insurance Group
$
Remain vigilant after investing in security and protection.
Increase awareness of cyber best practices
1
Trillion
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
Source
Bloomberg
15.4
Cyber is a fundamental risk that can affect the entire enterprise, not just one location.
Learn more
”
The human factor is a big risk.
3. Promote Cyber Best Practices
Risk Manager's Checklist
The amount financial firms spend per employee to defend computer networks against criminals.
Risk Manager's Checklist
Cyber insurance is a good backstop, but risk management and mitigation are critical.
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2,200
3,000
2. Don't Be Overconfident in Your Security
Cyber insurance is a good backstop, but risk management and mitigation are critical.
It’s important not to be overconfident on cybersecurity alone as many social engineering tactics can introduce malware into systems with relative ease. Therefore, it’s crucial that companies place equal emphasis on business continuity and business resilience.”
Manage IT; don't rely on insurance alone.
"
Cyber Risk Management Checklist
Cyber Risk Management Checklist
Read this article in the help section:
https://www.ceros.com/educate/help_center/embedding-third-party-objects/
4
World Economic Forum
The Cybersecurity Guide for Leaders in Today's Digital World
"
Manage IT, don't rely on insurance alone.
1
5
Source
Privacy Rights Clearinghouse
%
Effective and consistent implementation of strong cyber hygiene could have potentially mitigated the majority of cyberattacks of the last decade.”
Run crisis management and desktop scenario exercises.
"
4. Make Cybersecurity Everyone's Responsibility
3
4. Make Cybersecurity Everyone's Responsibility
Amount British Airways was fined in 2019 under the EU's General Data Protection Regulation for computer attacks that exposed customer data.
Cyber Risk Management Checklist
3. Promote Cyber Best Practices
3,000
Trillion
%
Cyber risk is no longer just about information security. It permeates across all functions within a given organization.”
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
Learn more
Source
RSA
World Economic Forum
The Cybersecurity Guide for Leaders in Today's Digital World
2,200
Protect data, but manage the risk of more data usage and sharing. Embrace the risk.
Source
Bloomberg
Support development of resilience and business continuity plans.
Effective and consistent implementation of strong cyber hygiene could have potentially mitigated the majority of cyberattacks of the last decade.”
Protect data, but manage the risk of more data usage and sharing. Embrace the risk.
Trillion
Cyber isn't just one thing anymore. It permeates across all the different areas within a given organization."
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3,000
15.4
Cyber Risk Management Checklist
2. Threats for Risk Managers
5. Build a Culture of Resilience
”
Build cyber hygiene and increase awareness and vigilance.
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Average loss in market capitalization following a cyberattack.
Cyber risk management is an opportunity for companies to stand out against their competitors. It enables companies to demonstrate that they not only have strong cybersecurity, but that they also have effective mitigation measures to ensure they protect their customers as well.”
Source
Bloomberg
Cyber Risk Management Checklist
Learn more
"
$
Cyber insurance is a good backstop, but risk management and mitigation are critical.
Learn More
$
Source
Privacy Rights Clearinghouse
Percent of all data breaches that originate in the supply chain.
$
1
90
0.2
Support development of resilience and business continuity plans.
2
Effective and consistent implementation of strong cyber hygiene could have potentially mitigated the majority of cyberattacks of the last decade."
Source
Bloomberg
World Economic Forum
"The Cybersecurity Guide for Leaders in Today's Digital World"
80
”
Source
RSA
1. View Cybersecurity as a Business Enabler
Source
Bloomberg
5. Key Message to Bring Back to Your Team
Protect data, but manage the risk of more data usage/sharing. Embrace the risk.
$
2
Don't outsource responsibility to your partners and technologies.
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3
Grow the role and responsibility of risk management and increase your perimeter.
Source
Bloomberg
Cyber Risk Management Checklist
”
90
Overreliance on partners and technologies.
Grow the role and responsibility of risk management and increase your perimeter.
Support development of resilience and business continuity plans.
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
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Cyber risk management is an opportunity for companies to stand out against their competitors. It enables companies to demonstrate that they not only have strong cybersecurity, but that they also have effective mitigation measures to ensure they protect their customers as well.”
Cyber Risk Management Checklist
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
”
Educate the C-suite and the board on risk and opportunities for your company in the use of data and digitalization.
$
Amount of annual business value that AI technologies could unlock worldwide.
Percentage of all data breaches that originate in the supply chain.
2. Don't Be Overconfident in Your Security
People can be the weakest link; be wary.
$
Chapter one
Cyber Risk Management Checklist
Cyber Risk Management Checklist
Risk Manager's Checklist
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
Run crisis management and desktop scenario exercises.
2,200
Cyber is a fundamental risk that can affect the entire enterprise, not just one location.
World Economic Forum
The Cybersecurity Guide for Leaders in Today's Digital World
Cyber is a fundamental risk that can affect the entire enterprise, not just one location.
Amount of annual business value that AI technologies could unlock worldwide.
Cyber Risk Management Checklist
billion
The potential cost of cyberattacks and data theft and fraud globally in net economic impact by 2030.
Lori Bailey
Global Head of Cyber Risk, Zurich Insurance Group
4
%
Build cyber hygiene and increase awareness and vigilance.
There's an awakening that you can't have an overreliance on security because all it takes is one social-engineering attempt to introduce malware into your system. Think about business continuity and business resilience, and make sure those are all placed in equal value with security."
People can be the weakest link; be wary.
”
$
People can be the weakest link; be wary.
Number of confirmed business data breaches in 2019.
Don't outsource responsibility to your partners and technologies.
Source
Bloomberg
Increase awareness of "cyber hygiene."
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4
Educate the C-suite and the board on risk and opportunities for your company in the use of data and digitalization.
3
World Economic Forum
The Cybersecurity Guide for Leaders in Today's Digital World
80
Developing more robust levels of cyber resilience is now the order of the day, and this is as much about developing a new culture and mindset as it is about adopting different processes and technology."
”
3. Steps for Risk Managers to Mitigate Cyber Risks
The potential cost of cyberattacks and data theft and fraud globally in net economic impact by 2030.
%
5. Build a Culture of Resilience
4. Key Message to Bring Back for Leadership
How to embed a YouTube video
Developing more robust levels of cyber resilience is now the order of the day, and this is as much about developing a new culture and mindset as it is about adopting different processes and technology."
1. View Cybersecurity as a Business Enabler
Build cyber hygiene and increase awareness and vigilance.
2.