In this video, Quinton Kotze our Cyber & Technology Product Manager for ANZ highlights several factors driving the evolution of cyber risk and the industry more broadly, with a focus on balancing long-term sustainability in the market. He addresses some key challenges faced by systemic risk, ransomware and neglected software. The video is also intended to explain some of the key changes made as we introduce our new Enterprise Risk Management wording to the market (ERMv2.2) still underpinned by Chubb’s leading Incident Response process but evolved to meet and address the evolution of Cyber risk as we see it.
In ERMv2.2, Chubb uses two categories to gauge the impact of a cyber event: Limited Impact Events and Widespread Events. But what does this mean for cyber policyholders?
Watch this video to see how three companies react when alerted of a critical software vulnerability – and the consequences when one fails to apply the available patch and is hacked.
Chubb's Cyber Team Contact List
View a full list of Chubb's Cyber team contact details here.