The COVID-19 pandemic exacerbated the threat and likelihood of cyber security breaches for organizations, Munich Re’s 2020 cyber risk report found. Despite the growing risk of cyber attacks, companies and organizations are still not utilizing cyber coverage to its fullest advantage.
Great leadership demands diligence, foresight and courage, no matter the economic cycle. Risk & Insurance and four industry leaders discuss the traits and skills business and risk management leaders should bring to the table to help organizations succeed.
Cyber security risk has become a prominent threat for companies and businesses alike. Many fear that a cyber attack could result in loss of information or data. But a recent cyber security breach at a water treatment facility in Florida has made it clear that no entity is safe.
Telemedicine use surged as the pandemic forced more employees to work from home. Though in-person doctor visits have resumed, it’s likely that telemedicine will remain a prominent part of medical treatment. Its increased use presents a challenging slew of risks.
Claims professionals are no stranger to catastrophe and disruption. It’s imperative that the claims process continues to expand its risk strategies in spite of hurdles, starting with fostering relationships and utilizing technology.