Cybersecurity: Four Ways to Build Cyber Resilience

by John Jenkins

January 29, 2025

A recent Aon report highlights how the rapid development of AI has led to equally rapid changes in the insurance risk landscape. Risk profiles traditionally focused on tangible assets such as property and equipment, but the increasing value of intangibles, including AI algorithms and data, requires a shift in how risks are assessed and managed.  The report also notes that the integration of AI into business operations has accelerated cyber risks, because AI systems that aren’t properly secured can become targets for cyber-attacks.

Aon says that organizations can effectively manage these risks through proactive measures, reactive strategies and comprehensive cyber insurance coverage, and identifies the following four ways that companies can build sustained cyber-resilience:

– Understand your risk profiles. Regularly assess and update your risk profiles to reflect the evolving technological landscape, emerging threats and trends, and the increasing value of intangible assets.

Revisit existing policies. Ensure that your current insurance policies adequately cover new and emerging risks associated with AI and cyber threats. Work with insurers to identify and address any gaps in coverage.

Stress test risk management programs. Conduct rigorous stress tests of your risk management programs and security measures to identify vulnerabilities and ensure robust protection against potential threats.

Partner with advisors. Collaborate with expert advisors and insurers to procure comprehensive cyber insurance policies that cover a wide range of incidents, including AI-related risks. Work closely with providers to ensure your policies are tailored to your specific needs and risk profiles.