Aon's cybersecurity branch, Stroz Friedberg, has stated there will likely be a rise in liability claims against directors and officers (D&O) due to cyber incidents this year. Although cyber D&O claims have not gained traction so far, the increase in cyberattack frequency, and the resulting regulations, mean D&Os are likely the ones who will be held culpable for incident response. “As these breaches become more public, especially the really big ones, we are seeing people take any path possible in order to recoup losses, or to make sure that people are held accountable. The report also notes that while most of these attacks were carried out by nation-states, some were perpetrated on behalf of foreign governments or criminal organizations.
Aon's cybersecurity branch, Stroz Friedberg, has stated there will likely be a rise in liability claims against directors and officers (D&O) due to cyber incidents this year. Although cyber D&O claims have not gained traction so far, the increase in cyberattack frequency, and the resulting regulations, mean D&Os are likely the ones who will be held culpable for incident response. The report also notes that while most of these attacks were carried out by nation-states, some were perpetrated on behalf of foreign governments or criminal organizations.