Cyber risk is not well managed
More than one-third of risk professionals throughout Africa, Europe and the Middle East have experienced a material or significantly disruptive loss relating to a data breach or security exploit in the past 24 months, with the average financial impact of these incidents in the region of $2,1-million. The most common EMEA cyber incident was an attack that caused disruption to business and IT operations, according to Aon Risk Solutions in a research report undertaken during March 2015.