ASIA and prevention analysis need to happen as frequently as possible . You need to recognise where the next risks are going to be . You don ’ t want to slow R & D down ; you want to enable innovation by making sure you can do as much as you can to address risks before they happen .” To tackle this , the pair believe that CMT companies should take a lesson from traditional firms and understand how the end customer is impacted when technology fails . Traditional , non-technology orientated firms could take a leaf out of their book too , recognising that , when it comes to cybersecurity , they shouldn ’ t just focus on data privacy but also need to talk about IT resiliency and other aspects of digital transformation . “ Cybersecurity is such a broad term ,” admits Quigley . “ It ’ s about making sure that your IT is resilient and that broad industry events like the WannaCry attack don ’ t disrupt your operations . It ’ s also about protecting your intellectual property and protecting customer data .” Cybersecurity investment is a “ never-ending story ”, adds Chao , as hackers will always migrate and evolve .
Risk management may seem a daunting task but Marsh believes it doesn ’ t have to be . To tackle this challenge , Quigley says that the industry
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