2023 Cyber Predictions and Insurance Implications

Reliance on technology, and the associated cyber security risks have been, and will continue to be fundamental to business.

Following the significant events of 2022, we believe 2023 will see its own cyber-security related challenges as new threats arise. Businesses will need to stay ahead of emerging risks and ensure they learn from events of the past.

This report examines various 2023 considerations within the threat environment and regulatory landscape; exploring insurance industry insights and the role and value of risk transfer solutions.

Who is the report for?

This report is designed to empower Cyber-Security Leaders, C-Suite Executives, Directors and Officers, and Boards:

1. Understand the cyber and technology challenges ahead, the risks and responsibilities on businesses, and how these affect the cyber-insurance market.

2. Learn how to reduce the likelihood of a cyber-attack on your organisation and the steps to take if one occurs.

3. Be inspired to take necessary and reasonable action to enhance your organisation's digital platform whilst keeping employees' and clients/customers' sensitive information more safe.

The report highlights the following:

  • Insurer focus on supply chain and third-party vendor exposures.

  • Increased exposures in Cloud and Application Programming Interfaces (APIs).

  • High inflation leading to poor decisions.

  • D&O: the stakes are becoming much higher.

  • Advancements in artificial intelligence.

  • Cyber-security - minimum standards.

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2023 Cyber Predictions and Insurance Implications Report