Cybercrime losses set to increase, says cyber risk expert

Oct 20, 2017
Cybercrime losses set to increase, says cyber risk expert
From: Captive Insurance Times, October 12, 2017

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Losses from cybercrime are only likely to increase because of far-reaching global connectivity, warned James Trainor, Aon’s senior vice president of cyber solutions.
Speaking at the 2017 Guernsey Insurance Forum, Trainor, former head of the FBI’s cyber division, suggested a 2014 study by the Centre of Strategic and International Studies that attributed annual losses of $445 billion to cybercrime was now “vastly underestimating the current position”.

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