Benjamin Vilzmann’s Post

Following a recent post I published here, about the #insurance company Aviva which concluded that #cybersecurity #risks are more probable risk to be realized over fire and theft - now another insurer, Allianz, state a similar theme " Cyber tops business risk for enterprises worldwide, report finds Cyber replaced business interruption as the top concern among U.S. businesses, according to the Allianz Risk Barometer. " News article about it https://lnkd.in/d6cJpBMW Allianz's post about this report - Allianz Risk Barometer: A Cyber Event Is the Top Global Business Risk for 2024 https://lnkd.in/dHHYYcpm The report as PDF https://lnkd.in/d_E2xthK

With cybercrime costs expected to reach nearly USD 24 trillion by 2027, addressing this issue is crucial. Cyberattacks threaten social and economic stability, making it essential to close the cyber risk protection gap #together. Learn more in the new whitepaper, 'Closing the Cyber Risk Protection Gap,' developed by Zurich Insurance & Marsh McLennan. ⤵ Angel Serna Matt Holmes Thomas Baer Dominik von Arx Sabine Seggelke Beth Young Deborah Porret Pavel Osipyants #CyberSecurity #CyberRisk #RiskManagement

With the growing digitization of the global economy, businesses are feeling increasingly vulnerable to cyberattacks. The Munich Re Cyber Risk and Insurance Survey 2024 reveals that 87% of global decision-makers believe their organizations are inadequately protected against cyber threats. The financial impact of cyberattacks is alarming, with costs projected to rise from USD 8.5 trillion in 2022 to nearly USD 24 trillion by 2027. Read the white paper in full here on our Knowledge Hub and please reach out if you want to know more. #CyberSecurity #CyberRisk #Insurance #RiskManagement #ZurichInsurance #MarshMcLennan #Whitepaper

Interesting paper from #Zurich #CEO. To my point of view, the #challenge remains how do we shift to a #proactive #cyberdefence. #Mitigation #strategies integrating #Predictiveanalytics, #AI-#ML are already at play with #hightech providers. Aging infrastructure coupled with lack of talent factor in our #vulnerabilities. We need to step up as a #global community.

We take a closer look at the CrowdStrike outage's unexpected results. Despite the widespread impact of the CrowdStrike outage, affecting millions of systems, recent analysis suggests the financial repercussions may not be as severe as initially anticipated. By utilizing the FAIR Materiality Assessment Model (FAIR-MAM) within the Safe Cyber Risk Quantification Management platform, it has been determined that the losses are unlikely to be material for most organizations when considering all factors, including lost revenue, delayed revenue, and external response costs. In the latest Safe blog post, Erica Eager delves into the outage's impact on various sectors such as airlines, finance, and healthcare. She also explores whether Cyber Insurance can mitigate the associated losses. Use the following link to read more: https://lnkd.in/damT6UuA Want to learn more? #CRQM #cybersecurity #riskmanagement #erm #grc

Drowning in tools to keep your clients secure? There's a better way! CYRISMA can be your #cybersecurity Swiss Army Knife! It combines: --- Vulnerability Scanning and #PatchManagement --- Sensitive Data Discovery and Protection --- Compliance Tracking and #GRC functions --- Cyber Risk Quantification and the data to bring down cyber insurance premiums --- .... and MUCH more! And the best part? All-inclusive pricing! No more nickel-and-diming for every feature. Learn more and watch a three-minute demo here: https://lnkd.in/dYRHE5Yh #toolconsolidation #cyberriskmanagement

In today's digital landscape, the shadow of cyberthreats looms large, making vigilance not just a practice but a necessity. Elevate your business's defenses with risk-based security strategies. By identifying threats swiftly, you not only safeguard your operations but also enhance profitability and secure robust cyber insurance coverage. Tread the path of business success with confidence. Contact Black Diamond Technologies at 877-224-7207. United, we'll fortify your business's resilience against cyberthreats, ensuring a secure and prosperous journey ahead. #cybersecurity #msp #technology #business

We take a closer look at the CrowdStrike outage's unexpected results. Despite the widespread impact of the CrowdStrike outage, affecting millions of systems, recent analysis suggests the financial repercussions may not be as severe as initially anticipated. By utilizing the FAIR Materiality Assessment Model (FAIR-MAM) within the Safe Cyber Risk Quantification Management platform, it has been determined that the losses are unlikely to be material for most organizations when considering all factors, including lost revenue, delayed revenue, and external response costs. In the latest Safe blog post, Erica Eager delves into the outage's impact on various sectors such as airlines, finance, and healthcare. She also explores whether Cyber Insurance can mitigate the associated losses. Use the following link to read more: https://lnkd.in/dekuNWNv Want to learn more? #CRQM #cybersecurity #riskmanagement #erm #grc

🔒 Maion Business Solutions explores the critical synergy between Cybersecurity and Insurance in navigating today's evolving risk landscape. 🌐 Our latest article dives into how organizations can proactively mitigate cyber risks through strategic insurance solutions. 📰 Dive into the insights here: The Synergy of Cybersecurity and Insurance: Navigating the Evolving Risk Landscape (https://lnkd.in/g5ieFDMy) Discover key strategies to protect your business from cyber threats while leveraging insurance as a strategic asset. Stay ahead in safeguarding your operations with Maion's expert analysis! #Cybersecurity #Insurance #RiskManagement #BusinessStrategy #MaionBusinessSolutions #CyberRisk #Innovation

“The ostrich approach where organisations neglect or downplay cyber risk is no longer a viable or acceptable strategy” - couldn’t agree more with this quote from the Q1 cyber report from Marsh. With criminals leveraging AI to create more realistic phishing and deep fake attacks; and criminals increasingly focusing on extortion tactics once they have exfiltrated data, the threats keep evolving. Despite efforts from law enforcement to tackle the issue, cyber attacks remain one of the most likely, high impact crises a company can face - yet the majority of boards and leadership teams are not prepared to handle the stakeholder fall out.