"We observe that the C-suite increasingly sees that cyber events have the potential to impact all areas of their business," Christian Hoffman, global cyber leader for Aon. "Achieving cyber resilience is a recurring theme in board room discussions and the threat is now being addressed from a holistic risk perspective." Credit: local_doctor/Adobe Stock

Companies that have a major cyber incident can see a 9% drop in shareholder value in the year following the incident, according to Aon plc. For companies hit extremely hard by a cyber incident, the decline in shareholder value can be as much as 21%.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]