|Event Date||Thu Jul 29 EDT (11 months ago)|
Ransomware attacks have seen a nearly 500% increase in 2020 and account for one out of four cybersecurity cases. According to Fitch Ratings, US direct written premiums to insurers against cyber risks rose by about 22% in 2020 to almost $3 billion, and the direct loss ratio for standalone cyber risks rose to 73% in 2020 - the highest level recorded in the six years since data have been available.
What do leaders in the financial services industry need to know about protecting the organizations from surging ransomware attacks? How would they score on a self-assessed security questionnaire?
In this we will discuss:
• The uptick in ransomware cyberattacks to the financial services industry.
• Regulatory and compliance concerns that FSIs face that complicate their technology strategy.
• How to assess your organization’s security score.
• Best practices to protect against ransomware attacks.
Manager, Cyber, BDO Digital, LLC
Director of Cloud and Infrastructure, BDO Digital, LLC