Insurance Broking

Cyber Risks
Are gaining importance

The greatest risks of the 21st century

The dangers posed by cyber risks are gaining in importance in the everyday business world. Estimates suggest that more than 90% of companies are victims of cyber attacks every year. The loss of data and IT disruptions can have enormous financial implications for the companies in question.

Efficient cyber risk management can significantly reduce the likelihood and the extent of the damage and losses a company sustains from such attacks. The residual risk that always remains must be able to be financed and not jeopardize the company's very existence. The decision about how to deal with cyber risks is one made by management and an element of good corporate governance.

Kessler's five-strong Cyber Risk team will assist you in making a conscious decision about how your company responds to cyber risks. We have extensive expertise of cyber risk management and cyber insurance, as well as experience in addressing all the associated legal aspects. 

Find out more in our publications and take the cyber risk test developed by our network partner Marsh. The results will reveal whether your company's financial loss potential is high or moderate and whether your financial loss exposure is insurable.

Cyber risk survey report 2019, cyber risk from a swiss perspective

In September 2018, we conducted a Switzerland-wide cross-sector survey that examined how companies deal with cyber risks and their potential dangers in their day-to-day activities. The survey also looked at the associated data protection risks. We invited all our international customers and other internationally active companies to take part in the «Cyber Risk Survey Report 2019 – Cyber Risk from a Swiss Perspective». We have now evaluated the results from the 387 responses and commented on the key findings.

The results of the following report confirm once again that Swiss companies are also targeted by cyber criminals. It is dangerous to conclude that Switzerland will continue to be unaffected by severe cyber damage in the future simply because it has escaped unscathed in previous years. Worldwide cyber incidents are too opaque, and the motives behind them too unpredictable.


Contact

Are you interested in a collaboration or do you have any questions? Your contact persons look forward to hearing from you.

Melanie Koller
Legal Counsel Cyber Risk

Simon Künzler
Head Risk Consulting

Back to top
Marsh Network