19 April 2023Analysis

Marsh McClennan releases new cyber security report

In what it says is an industry first, Marsh McLennan has released a new report that it says shows how the use of proprietary claims and incident datasets can help organisations evaluate the impact of their cybersecurity controls.

“This groundbreaking approach has practical applications in how companies prioritise cyber investments, develop strategic roadmaps on cybersecurity, and obtain cyber insurance” said the company in a statement.

The report, ‘Using data to prioritize cybersecurity investments’, pairs Marsh McLennan’s Cyber Risk Analytics Center’s extensive proprietary dataset of cyber events with hundreds of responses from Marsh Cybersecurity Self-Assessment questionnaires. The two cybersecurity analytics datasets highlight which cybersecurity controls have the greatest effect on decreasing the likelihood of a cyber event.

According to Marsh McLennan companies can use this report to:

  • Identify and prioritise the controls that are most effective, including automated hardening techniques, which showed the greatest ability of any control studied to decrease the likelihood of a successful cyberattack.
  • Gain a comprehensive understanding of why it’s critical to implement cybersecurity controls broadly, and how tools like multi-factor authentication (MFA) only have a strong positive impact when implemented fully.
  • Measure the impact of key cyber risk controls and better inform your cyber resilience strategy with Marsh McLennan’s extensive proprietary claims and incident datasets.

For more information contact Marsh McLennan.

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