A.M. Best Special Report: A.M. Best’s View on Cyber-Security Issues and Insurance Companies
Recent breaches at large managed health care organizations have highlighted the fact that an insurance company’s breach can have wide-reaching effects, impacting staggering numbers of individuals and organizations. Industry research has also warned that a total realistic probable maximum loss for cyber-security risk globally is currently approximately
The next step in understanding a company’s overall cyber-security risk is an evaluation of the motivation of threat actors like criminal hackers, state-sponsored groups and rogue employees to direct their efforts at a particular company. It is A.M. Best’s opinion that an evaluation of the offensive and defensive forces apparent in the susceptibility and motivation of an organization is essential to understanding and managing an entity’s overall cyber-security risk.
The report also summarizes results obtained from various surveys and questionnaires
To access a copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=243994.
Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
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