The other week, we witnessed the New York Stock Exchange crash for three hours and United Airlines network come off line both in the same day. People thought the cyber apocalypse was upon us. Fortunately, they were wrong, but it did lead people to consider the ramifications of a massive cyberattack.
Enter Austin Berglas, a former Federal Bureau of Investigation agent. Berglas now works with corporate investigations company K2 Intelligence, which is partially owned by AIG, and investigates attacks on policyholders as well as “provide data on threats to protect clients from events that could cost hundreds of millions of dollars.”
This Bloomberg article delves into the current cyber threat insurance landscape, and details what AIG and K2 Intelligence are doing in order to protect policyholders from future attacks and how they are mitigating damage in the aftermath.