NU Online News Service, Aug. 9, 2:44 p.m. EDT
Willis calls 2011 the "Year of the Breach," and says that while companies are rightfully concerned about their cyber exposures, they need to carefully examine their insurance coverages and risk-management strategies to ensure they are adequately prepared and protected.
"Cyber exposure and reputational risk are among the top three concerns of board members across industry lines, says Ann Longmore, executive vice president of FINEX, Willis' financial, executive risk and professional liability business. "The major assets of any Fortune 500 company, whether held in credit card data or the proprietary recipe for a soda, are intellectual, and attacking the operating system containing this information could bring a company to its knees."
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