27-02-2020
The cyber threat to supply chains and industrial control systems is growing exponentially as a result of the rapid rise in computing power. Add to this the increased use of internet of things devices and prevalence of 5G and there is the potential for something of a perfect storm of risk. Jenna McGrath, senior cyber economist at CyberCube, explains the key threat factors and how the insurance industry can respond.
Connected technologies as a tool are undoubtedly a benefit in what many now term the fourth Industrial Age. From the internet of things (IoT) to better connectivity through 5G, industries enjoy greater efficiencies, lower costs and are better placed for growth and innovation as a result of technological innovation.