Data breaches and supply chain interruptions can be devastating for a company, and investors and board members are beginning to hold the C-suite accountable for having a plan in place to prevent these attacks and to deal with the aftermath if one occurs. (Credit: Inna/Adobe Stock)
The cybersecurity landscape has evolved as such that issues of data breaches, ransomware and other digital threats are expanding beyond companies' IT departments. According to a recent report from Allianz, despite an overall decrease in new filings, directors and officers (D&O) insurance underwriters are keeping an eye on litigation concerning these expanding cyber threats as well as climate-related ESG liabilities in 2023.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
