We are in a period where the cyber risk landscape is rapidly changing. Writing cyber insurance means anticipating emerging trends in this landscape. We are seeing new records set for the scale of cyber incidents, escalation in the costs of events, changes in technologies – both offensive and defensive – and shifts in target preferences, activities, and protagonists.
This report provides an update on the cyber insurance market and sets out the landscape of cyber risk in 2017. It summarises the latest trends and outlooks for cyber risk in information technology systems and cyber-physical attacks.