There is risk in organizations’ own behavior as well. Organizations are moving business operations into the cloud to scale operations more efficiently than they could using their own infrastructure, and are increasingly taking advantage of machine learning and artificial intelligence functionality.
Additionally, agile development is used to quickly publish data and services online to keep up with competition. This may present commercial opportunities, but comes with risks if speed is prioritized over security. All of these decisions present potential threat vectors.
It’s a common mistake to expect that cloud providers will automatically provide security on your behalf. Often the tools may be there, but they are not enabled by default. In other words, you can’t just “cloud and go” and expect a secure experience.
Jad NehmeCyber Services Manager
Paris
Data presented in this Cyber Services Snapshot is derived from incidents reported to Beazley.
The information set forth in this document is intended as general risk management information. It is made available with the understanding that Beazley does not render legal services or advice. It should not be construed or relied upon as legal advice and is not intended as a substitute for consultation with counsel. Beazley has not examined and/ or had access to any particular circumstances, needs, contracts and/or operations of any party having access to this document. There may be specific issues under applicable law, or related to the particular circumstances of your contracts or operations, for which you may wish the assistance of counsel. Although reasonable care has been taken in preparing the information set forth in this document, Beazley accepts no responsibility for any errors it may contain or for any losses allegedly attributable to this information.