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ACE Infographic Illustrates Evolution of Cyber Risk, How to Learn from the Past

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Cyber attacks or data breach incidents seem to make headlines daily. Although these events may feel commonplace, their triggers are changing, as are the risk management strategies to address them. ACE Group today released an infographic showing this shift, its’ impact on forensics costs, and recommended steps an organization can take now to help protect its’ network, balance sheet and reputation in the future.

“Our claims and underwriting data demonstrates that the very nature of risk is changing, and this shift is having a material impact on the costs associated with investigating and addressing incidents once they occur,” said Matthew Prevost, Vice President, ACE Professional Risk. “When it comes to cyber risk, it is not a question of if or when, but how – how can an organization proactively prepare for and then quickly respond to cyber related breaches and interruptions? At ACE, we recognize that the knowledge we’ve gained from past cyber incidents can help our insureds answer this very question. Our recommendations are based on substantive data and are designed to educate organizations on steps they can take now to help mitigate both risk and loss.”

To access the infographic, please visit our website.

About ACE Group

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE:ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com, or follow ACE on Twitter, https://twitter.com/ACEGroupNA.

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