MetricStream's Piyush Pant looks at the complexities of measuring cyber risk and the shortcomings of cyber insurance.
Business risks encompass any factors that can have a negative impact on a company s performance, operations, revenue and growth.
The Brexit vote provides a timely reminder of the impact of these risks and why they must be managed.
Many, including the UK Government, were surprised by the leave vote and hadn t adequately planned for it, creating mass uncertainty across the globe.
Multinational corporations remain unsure whether they will relocate staff to other countries in order to ensure access to the single market, for instance, and that hesitation continues to impact the UK s and global economies.
Indeed, in 2016 there is one type of risk that weighs heavily on every business leader in the world, against which traditional forms of business insurance seem to be no match – cyber risk.