Possibility of a Billion-Dollar Systemic Cyber Event 'Is Real' - Insurance Journal

Summary

The article discusses systemic risks to the insurance industry, focusing on cyber insurance and the need for individual insureds to enhance security measures. Key figures like Max Perkins and Erica Davis highlight the evolution of financial risks such as ransomware and data exfiltration, with climate change being an example of a macro-level systemic risk. The tags 'Economic systems, Financial markets, Financial risk, Cyber-Insurance, Internet security, Systemic risk, Insurance' are directly related to the article's content.