Why captives can shine through on cyber
From: Captive International, December 22, 2017
As the threat from cyber crime becomes more complex and the general insurance industry struggles to keep pace, captive insurers can come into their own, writes Matthew Queen, general counsel and chief compliance officer, Venture Captive Management.
A 12-year-old with a $300 laptop can bankrupt your business. Cybersecurity is the most talked about risk management challenge because it is now a simple matter to shut down the majority of small to medium sized businesses in the US. Thanks to Shadow Brokers, a hacking group specialising in attacking the National Security Agency (NSA), hackers across the world now possess weapons-grade hacking tools.