Financial services companies are most vulnerable, says AIG survey Bernice Napach

In the nightmare scenario of a corporate cyber attack, the victim is not just one bank or power supply company but many attacked at the same time — and it could happen as early as this year, according to a new study from AIG.

Nine in 10 global cybersecurity and risk experts surveyed by AIG believe that cyber risk is systemic, and more than half said a systemic cyber attack on five to 10 companies is highly likely this year. More than one-third gave almost even odds of an attack on as many as 50 companies this year, and 20% gave similar odds for an attack on as many as 100 companies simultaneously.

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