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Cyber risk, protection and safety in 2023

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Cyber risk, protection and safety in 2023

Cyber risk refers to the potential for loss or damage to an organization’s information technology systems, data, or reputation as a result of a cyber attack or other malicious activity. Cyber risk can arise from a variety of sources, including external hackers, insider threats, and unintentional user errors.

Cyber risk is no longer a technology problem – it has become a constantly evolving systemic risk for organizations and societies that must be actively managed. With dramatic increases in remote work, supply chain interconnectivity, digitization pressures, and critical infrastructure vulnerabilities, organizations are more exposed than ever. To thrive, they must move beyond protection to resilience.

Many organizations look at cybersecurity as an operational or technology problem and are spending more every year on cybersecurity solutions. Yet the scale, frequency, and economic impact of cyber events – whether ransomware, supply chain attacks, or business interruptions – continues to grow.

We are trusted risk advisors, building and delivering best-in-class capabilities and solutions to help our clients understand, measure, and manage their cyber risk. We enable better strategic decision-making around your cyber risk through our advisory services and technologies for insurance, incident management, risk intelligence, and resilience optimization.

Ensuring cyber safety involves implementing measures to prevent and mitigate the effects of cyber attacks and other cyber threats. This can include implementing strong passwords and multi-factor authentication, keeping software and systems up-to-date with the latest security patches, encrypting sensitive data, and monitoring systems for suspicious activity.

In addition to technical measures, cyber safety also involves educating users about safe computing practices and raising awareness about the potential risks of cyber threats. This can include training users on how to recognize phishing emails and other social engineering tactics, as well as encouraging them to report any suspicious activity to IT or security personnel.

Ultimately, maintaining cyber safety requires a comprehensive approach that involves both technical and non-technical measures, as well as ongoing vigilance and proactive risk management.

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We can help you assess and quantify your cyber risk, prepare for and respond to cyberattacks, transfer your risk, and build lasting risk management and resilience.

Here are a few examples of effective user training for recognizing phishing emails:

  1. Simulated phishing exercises: One effective way to train users to recognize phishing emails is to conduct simulated phishing exercises. These exercises involve sending mock phishing emails to employees and monitoring their responses. If an employee falls for a mock phishing email, they can be provided with immediate feedback and guidance on how to identify and avoid similar attacks in the future.

2. Interactive training modules: Interactive training modules can be an engaging and effective way to educate employees about phishing. These modules can include interactive quizzes, videos, and other multimedia content that teach employees how to identify and avoid phishing emails. Some examples of interactive training modules include PhishMe and KnowBe4.

3. Real-life examples: Another effective way to train employees to recognize phishing emails is to provide real-life examples of successful phishing attacks. These examples can be used to illustrate common phishing tactics and help employees understand the consequences of falling for a phishing email. This can also help to make the training more relatable and relevant to employees.

4. Ongoing training: Finally, it’s important to ensure that phishing training is an ongoing process rather than a one-time event. Regularly reminding employees about the risks of phishing and providing them with updated information about new threats can help to keep phishing awareness top of mind and reduce the likelihood of successful attacks.

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