2023 Cyber Predictions and Insurance Implications

Foreword – Cyber insurance must evolve

2023 presents an opportunity, or perhaps more realistically, a requirement for organisations, directors and officers to properly understand, mitigate and invest in cyber-security risk. This will be achieved through education, mitigation, and risk transfer.

Gone are the days of “being targeted”, with the increasing indiscriminate targeting of software and application vulnerabilities, and supply chain/vendor exposure.

The velocity of change of cyber risks will be ongoing due to the very nature of technology. 2023 will undoubtably bring new developments in this risk landscape. Already it appears as though cyber and technology will settle as the number one Board issue.

Mark Luckin
Cyber Practice Leader