245 words…a one minute read

What’s happening: October is Cyber Security Awareness Month, dedicated for the public and private sectors to work together to raise awareness about the importance of cyber security. Aon helps businesses manage their full cyber risk life cycle, with the goal of building and maintaining sustained cyber resilience. Among the latest critical insights from our team are:   

• Competition and capacity are dominating the Errors and Omissions and cyber liability market. Aon shared insights on how organizations can take advantage of the buyer’s market and build sustained cyber resilience. Read more here.
• Middle market organizations face unique challenges in the ever-changing cyber environment, requiring holistic insurance solutions and enhanced resilience readiness to manage risks that could impact profitability. Learn more here.
• On the “On Aon” podcast, Eddie McLaughlin, global practice leader for AGRC at Aon, interviewed Cristina Palomo, cybersecurity risk and compliance director of governance at Schneider Electric, about building a cyber-resilient supply chain. Listen to the podcast here.

Zoom out: When businesses around the world experienced widespread outages caused by a faulty software update from the firm CrowdStrike, it highlighted both organizations’ dependency on the technology, and, ultimately, significant vulnerabilities.

• Aon’s cyber solutions provided recommendations on how to rebound from this incident, which reminded businesses of the dynamic nature of cyber security and the importance of robust response protocols. Read more here.
• Listen to Aon experts discuss how the CrowdStrike outage has changed the cyber market here.  

Learn how Aon responded to the CrowdStrike outage here.