Marsh McLennan and Zurich Urge Public-Private Action to Bridge Cyber Protection Gap and Boost Resilience [Yahoo! Finance]
ZURICH INS GROUP S/ADR (ZURVY)
NASDAQ:AMEX Investor Relations:
zurich.com/en/investor-relations
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Source: Yahoo! Finance
the areas of risk, strategy and people, and Zurich Insurance Group (SWX: ZURN), a leading global multi-line insurer and provider of resilience services, highlights the critical need for greater public sector involvement to strengthen societal resilience in the event a catastrophic cyber event occurs. The whitepaper, Closing the cyber risk protection gap , emphasises the urgent need for innovative solutions to close the gap between risk and insurance – particularly for small and medium-size businesses that are often uninsured or underinsured – as rapidly-evolving cyber threats are outpacing the capacity of traditional insurance and risk management solutions to fully mitigate them. It highlights mass malware and mass cloud outage as examples of cyber incidents that are currently considered insurable up to a certain level of financial loss, and events such as critical infrastructure failure, which are generally considered uninsurable. John Doyle, President & Chief Executive Officer,
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