Companies ' increasing reliance on technology increases cyber risk and directors and shareholders ( D&O ) risk increasingly go hand in hand , according to a report backed by Marsh and AIG . Since a number of high - profile regulatory actions have been taken as a result of cyber breaches , security lapses can also affect companies ' D&O policies , the report noted . Last year saw as many cyber claims as the previous four combined , according to AIG .
Companies' increasing reliance on technology means cyber risk and directors and officers (D&O) risk increasingly go hand in hand, according to a report backed by Marsh and AIG. Since a number of high-profile shareholder actions have been taken as a result of cyber breaches, security lapses can also impact companies' D&O policies, the report noted. Last year saw as many cyber claims as the previous four combined, according to AIG.