Is cyber risk a concern for you or your company?

Gallagher Bassett Services CIO Russ Pass is one of four CLM members who answered this months' question.

July 28, 2014 Photo

“In health care, especially academic medical centers where patient, employee, and student information is stored electronically, there is tremendous concern about data breaches. IT security needs to be up to date and potential system holes or back doors must be identified and plugged.”  

1. Michael Browdy, Director of Insurance, NYU Hospitals Center. CLM Fellow since 2007.


“We are faced with cyber risks as a company in general and in claims, in particular, where we face risks due to the many interfaces and connections that we have with our partners. That is the price we pay for integrating and moving ahead.”

2. Fausto Martin, VP and Chief Claims Officer, AAA Michigan. CLM Fellow since 2013.


“Cyber risk is a huge concern for corporations handling sensitive policyholder data. We’re taking the necessary measures to protect against security threats by complying with the ISO 27001 security standards and implementing proper regulation, compliance, and awareness across our organization.”

3. James Swayze, CEO, Symbility Solutions


“We’re entrusted with sensitive business and personal information by our clients. We owe it to them to maintain state-of-the-art safeguards against evolving cyber and–equally important–social engineering threats. Advanced malware protection, data encryption, and application hardening are just the price of entry.” 

4. Russ Pass, CIO, Gallagher Bassett Services Inc. CLM Fellow since 2014.


15 Billion

The number of devices connected by the Internet. Source: Cisco

740 Million

The number of records exposed to a data breach in 2013. Source: Online Trust Alliance

16,856

Average number of times per year that companies are attacked. Source: IBM

89%

Percent of breach incidents avoidable with best practices enforced. Source: Online Trust Alliance

27%

Percent of company data taken from unprotected mobile devices. Source: CIO.com

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About The Authors
Bevrlee J. Lips

Bevrlee J. Lips was managing editor of Claims Management magazine (now CLM Magazine) from January 2012 until March 2017.  blips@claimsadvisor.com

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