Cyber Risk | Aon Insurance Brokers and Risk Managers

Cyber Risks

Australia's increasing reliance on networks, cloud technology and computing systems is exposing many organisations to new and emerging threats. Changes to privacy laws, social media and heightened media attention towards breaches have also increased the importance on effective network, data security and privacy systems, and insurance coverage to match.

A significant data breach to your organisation can be financially crippling in first and third party costs, whilst having a damaging effect on your brand and reputation. Ranging from business interruption and legal costs, to customer notification expenses and damage to data – organisations can no longer afford to ignore cyber threats.

In this increasingly punitive and regulatory environment, forward-thinking companies are taking proactive steps to identifying their cyber risk exposure and exploring risk transfer and mitigation strategies.

By working closely with organisations to understand the unique risks they face, our cyber risk experts will develop a tailored risk management program to mitigate exposures and enhance your cyber insurance coverage to ensure you are appropriately protected.

Updates on recent cyber-attacks, WannaCry and Adylkuzz


Wednesday, 24 May, 2017
The new world order of cyber threats

With cyber risk on the rise, and business interruption a growing concern, we explore in detail the so-called WannaCry and Adylkuzz incidents and provide guidance on how organisations can better prepare for the future.

Friday, 19 May, 2017
4 lessons and 7 questions from the WannaCry ransomware attack

WannaCry: what were the vulnerabilities and what we can learn from this large-scale cyber event? Jim Trainor, former Assistant Director of the FBI's Cyber Division in Washington, DC and current Senior Vice President at Aon shares his perspective here

Thursday, 18 May, 2017
Adylkuzz ransomware attack

  • Subsequent to the outbreak of the WannaCry ransomware worm, security researchers have discovered a more insidious threat that has been in the wild for longer than WannaCry, some claim back to late April, named Adylkuzz
  • The reason for the late discovery is that there is no notification or ransom demand when a system has been infected
  • This worm and malware takes control of a system and uses it as a digital currency "miner", leveraging the target's processing power to solve puzzles in return for cash
  • It is unclear whether it is related to WannaCry, even though they both leverage the same vulnerability
  • Impacted users mainly notice that their systems are running slow

We will be publishing new commentary as we continue analyse the situation. Please stay tuned for more updates.

Thursday, 18 May, 2017
WannaCry - What you need to know

There has been an overwhelming amount of information circulating in the media at the moment about the recent ransomware attack. Read our client update to find out what you need to know and what to do if you are affected.

Tuesday, 16 May, 2017
Were You Ready for WannaCry?

Last week's ransomware attack was by all accounts one of the most widespread cyber events we've seen. The pace at which the malware proliferated and the scope of the impact across companies and geographies was unprecedented. As the new work week begins, it's unclear whether the worst is behind us – a "kill switch" that neutered the original version of WannaCry was discovered and registered, but new variants have already been found circulating.
Download the article by Stroz Friedberg, an Aon Company, here.


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Aon Cyber Risk Experts