Cybersecurity has emerged as the most pressing exposure for business confronting a new "age of risk”, topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm Marsh & McLennan Companies Inc said on Nov 16.
"For most large multinational companies, cyber may not have been their largest exposure pre-Covid, but it's certainly their biggest exposure now," Chief Executive Dan Glaser said at the Reuters Events Future of Insurance USA conference. "Think about the ability to service clients if, for example, the system went down."
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