Cybersecurity is top business worry in ‘age of risk’: Marsh & McLennan CEO

Cybersecurity has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm Marsh & McLennan Companies Inc said.
“For most large multinational companies, cyber may not have been their largest exposure pre-COVID, but it’s certainly their biggest exposure now,” Chief Executive Dan Glaser said at the Reuters Events Future of Insurance USA conference. “Think about the ability to service clients if, for example, the system went down.”
Cyber risk also is difficult for companies to deal with conclusively.
“CEOs like to get things done and say it’s finished,” he said. “Cyber is a never-ending phenomenon. It will continue for the rest of all of our careers.”