Cyber Terrorism: Critical Risk Management Concern

A new study by the Property Casualty Insurers Assn. of America revealed that the majority of executives see cyber terrorism as being a critical risk management concern.

“The threat of terrorism continues to grow. In addition to traditional terrorism, cyber terrorism is also a high level threat to our country’s national security,” said Marguerite Tortorello, PCI’s senior vice president, public affairs. “Our research shows an overwhelming majority of the executives surveyed agreed that a large-scale cyber attack against the country could have catastrophic or significant consequences to their companies’ business operations as well as the national economy. The risk managers and executives also agree that a plan is an essential part of their company’s risk management strategy.”