ACE Infographic Illustrates Evolution of Cyber Risk, How to Learn from the Past
May 06 2015 - 6:05PM
Business Wire
Cyber attacks or data breach incidents seem to make headlines
daily. Although these events may feel commonplace, their triggers
are changing, as are the risk management strategies to address
them. ACE Group today released an infographic showing this shift,
its’ impact on forensics costs, and recommended steps an
organization can take now to help protect its’ network, balance
sheet and reputation in the future.
“Our claims and underwriting data demonstrates that the very
nature of risk is changing, and this shift is having a material
impact on the costs associated with investigating and addressing
incidents once they occur,” said Matthew Prevost, Vice President,
ACE Professional Risk. “When it comes to cyber risk, it is not a
question of if or when, but how – how can an organization
proactively prepare for and then quickly respond to cyber related
breaches and interruptions? At ACE, we recognize that the knowledge
we’ve gained from past cyber incidents can help our insureds answer
this very question. Our recommendations are based on substantive
data and are designed to educate organizations on steps they can
take now to help mitigate both risk and loss.”
To access the infographic, please visit our website.
About ACE Group
ACE Group is one of the world’s largest multiline property and
casualty insurers. With operations in 54 countries, ACE provides
commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance, and life
insurance to a diverse group of clients. ACE Limited, the parent
company of ACE Group, is listed on the New York Stock Exchange
(NYSE: ACE) and is a component of the S&P 500 index. Additional
information can be found at www.acegroup.com, or follow ACE on
Twitter, https://twitter.com/ACEGroupNA.
ACE GroupCarla Ferrara,
215-640-4744carla.ferrara@acegroup.com
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