[ISN] Business ‘complacent’ about cyber crime and terror risks, says Aon

http://www.theactuary.com/news/2014/01/business-complacent-about-cyber-crime-and-terror-risks-says-aon/ By Judith Ugwumadu The Actuary 15 JANUARY 2014 Aon Global Risk Consulting conducted a new survey that assessed organisations’ attitudes to top threats in the insurance industry following the results of its biennial report Global risk management survey published last year. Concerned that the survey underrated cyber crime as a risk, giving it only 18th place in the rankings, Aon polled more than 100 directors to get a more ‘holistic’ view of industry perceptions. This found that 83% of captive directors agreed that this ranking was ‘severely’ or ‘perhaps’ under-rated. ‘Successful business are increasingly using technology to increase sales, maximise efficiency and reduce expenses, but evolving technologies such as cloud computing and social media increase a business’s risk to cyber theft, fraud and sabotage,’ said Rory Moloney, chief executive of Aon Global Risk Consulting. […]