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AIG ranks financial services as most vulnerable to mega-cyberattack

The survey of cybersecurity and risk experts found that a systemic attack on 5-10 companies simultaneously is highly likely this year.

By Bernice Napach | Updated on May 12, 2017
AIG recommends investments in security software and hardware, careful vetting of vendors and training on security practices, and insurance to mitigate impact the impact of cyberattacks. (Photo: Shutterstock)

In the nightmare scenario of a corporate cyberattack, the victim is not just one bank or power supply company but many attacked at the same time, and it could happen as early as this year, according to a new study from AIG.

Nine in 10 global cybersecurity and risk experts surveyed by AIG believe that cyber risk is systemic, and more than half said a systemic cyberattack on five to 10 companies is highly likely this year. More than one-third gave almost even odds of an attack on as many as 50 companies this year, and 20 percent gave similar odds for an attack on as many as 100 companies simultaneously.

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