Although increased digitalisation has obvious benefits to society, it also brings a number of risks. The potential for serious economic and commercial repercussions, illustrated by recent attacks such as that by the WannaCry ransomware, means that investing in increasing the cyber resilience of businesses and society is vital.
Insurers have a key role to play here, not only in providing cover, but also in helping their clients prevent these risks and mitigate their impact when they materialise.