Ransomware and other cyber attacks are increasingly targeting multiple organizations and the world’s critical infrastructures. This year's Global Risks Report, published by the World Economic Forum in collaboration with leading global institutions including Zurich Insurance Group, sets out that greater connectivity greatly increases the scope of risk, noting for example that WannaCry “disrupted critical and strategic infrastructure across the world, including government ministries, railways, banks, telecommunications providers, energy companies, car manufacturers and hospitals”, illustrating a growing trend of cyber attacks targeting critical infrastructure and strategic industrial sectors. This, the report added, raises fears that in a worst-case scenario, attackers could trigger a breakdown in the systems that keep societies functioning.
Watch our video, featuring Lori Bailey, Global Head of Cyber Risk, Commercial Insurance, Zurich Insurance Group, to learn how strong public-private partnerships will hold the key to building genuine resilience.
