Latest news with #Aonplc
Hans India
2 days ago
- Business
- Hans India
Rising AI-Driven Cyber Attacks and Geopolitical Tensions Shaping India's Cyber Risk Landscape, Aon Study
Aon plc (NY SE: AON), a leading global professional services firm, has released the Asia Pacific (APAC) findings from it s 2025 Cyber Risk Report. T he report underscores the increasing complexity of artificial intelligence (AI) driven cyber attacks and the prevalence of geopolitical tensions on cyber risks in the region. This report is based on Cyber Quotient Evaluation (CyQu) scores from 3,226 Aon clients in 2024 across APAC, EMEA, LATAM and North America, which analysed more than 1,400 global cyber events to identify trends in the evolving cyber threat landscape. The CyQu database benchmarks over 10,000 clients and has 20,000 client users. The report signals that APAC is experiencing significant growth in cyber claims notifications, driven by the rising frequency and sophistication of cyber incidents. Geopolitical forces, such as trade tensions, territorial disputes and reconfigurations of the global supply chain, are shaping how APAC companies manage cyber risk. 'In 2025, global and regional geostrategic tensions remain a key driver of cyber risk for companies in APAC. This trend is likely to accelerate with nation-state-backed threat actors continuing to employ cyber campaigns to facilitate conflicts or instigate grey-zone operations for the purposes of economic coercion, corporate espionage, or to harm regional rivals by targeting strategically important economic infrastructure,' said Adam Peckman, head of risk consulting and cyber solutions in APAC and global head of cyber risk consulting at Aon. 'As cyber threats grow more complex and interconnected, companies need a clearer view of their exposure, stronger alignment between cyber security and insurance strategies, and the tools to make better, data-driven decisions,' added Peckman Key Findings: In APAC, cyber incident frequency rose 29 percent year-over-year and up 134 percent over the past four years (2020-2024). There was a 22 percent rise in cyber insurance claims notifications in 2024. The rise in AI-driven deepfake attacks resulted in a 53 percent increase in social engineering incidents year-over-year. Claims involving social engineering and fraud increased by 233 percent. Of the 1,414 global cyber events analysed, 56 developed into reputation risk events, which are defined as cyber incidents that attract significant public attention. Companies affected by these reputation risk events experienced an average shareholder value decline of 27 percent. Trends In India as seen by Aon: Threat actors are introducing malicious files into enterprise systems, establishing connections to malicious IP addresses, facilitating unauthorized remote access and control. Threat actors are leveraging stolen data to demand ransom and are threatening to publish sensitive information on the dark web if their demands are not met. Access keys stored on corporate-issued devices are being exploited to breach virtual servers hosted in cloud environments, underscoring the importance of secure credential management. Once inside a network, attackers are navigating between production and non-production environments, increasing the scope and impact of their intrusion. Cyber insurers in India are increasingly requiring businesses to demonstrate a baseline of cybersecurity measures to qualify for coverage or to secure lower premiums and comprehensive coverages. Underwriting has shifted from basic checklists to in-depth security architecture reviews. However, insurers are now willing to accept security roadmaps (versus full compliance upfront), encouraging control implementation over time. Prasanna Kumar, head of cyber solutions for India at Aon, said, 'We are witnessing India adopt AI at a rapid pace, which brings a host of new risks. Data poisoning attacks can compromise the integrity of critical AI systems and deepfake technology is now being used to craft convincing malicious content — making social engineering attacks more sophisticated than ever.' While AI has certainly introduced more complexity to the cyber attacks Indian businesses face, it has also enhanced their ability to detect and respond to threats. 'In response to the evolving challenges, businesses must take significant steps to strengthen controls within the organisation. Regular audits, comprehensive employee training programs and advanced threat monitoring systems must become an integral part of businesses' security posture,' Kumar added. Aon's 2025 Cyber Risk Report draws on proprietary data from the firm's CyQu platform, a patented global e-submission tool that streamlines the cyber insurance intake process and empowers organisations with actionable insights into their cyber exposures and insurability, helping to strengthen both underwriting outcomes and cyber risk management strategies.
Cision Canada
4 days ago
- Business
- Cision Canada
Aon Appoints Jo Ann Jenkins to Board of Directors
DUBLIN, Aug. 4, 2025 /CNW/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced that Jo Ann Jenkins has been appointed to its Board of Directors, effective August 15, 2025. "We are pleased to welcome Jo Ann Jenkins to Aon's Board of Directors," said Board Chair Lester B. Knight. "Jo Ann's experience leading large nonprofit and public sector organizations will bring new insights to our Board as we look to deliver more value for Aon's clients, colleagues and shareholders." Jenkins previously served as CEO of AARP, the world's largest nonprofit, nonpartisan membership organization dedicated to social change and helping people 50 and over to improve the quality of their lives. Among her accomplishments at AARP, Jenkins championed the multigenerational workforce, healthy longevity, protecting Social Security and Medicare and lowering the cost of prescription drugs. She led through a spirit of innovation, creating AgeTech and launching a Digital First journey to help AARP better serve its members in the future. Prior to her appointment as CEO, Jenkins served as AARP's COO and before that as president of AARP Foundation. Before joining AARP, Jenkins served at the Library of Congress as COO and Chief of Staff. She has also held a variety of senior roles at the U.S. Department of Agriculture, the U.S. Department of Transportation, and the U.S. Department of Housing and Urban Development. Jenkins also serves on the board of General Mills and Avnet and has held a variety of board and advisory positions, including with AARP Services, AARP Funds, Colonial Williamsburg Foundation, the Wall Street Journal CEO Council, Kennedy Center National Symphony Orchestra Board of Directors, Stanford School of Medicine Board of Fellows, U.S. Small Business Administration Council on Underserved Communities and Caring for Military Families. Fortune magazine named Jenkins as "One of the World's 50 Greatest Leaders" in 2019 and 2021 and she is the author of the best-selling book, Disrupt Aging: A Bold New Path to Living Your Best Life at Every Age. "It is exciting to join Aon's Board as the firm accelerates its strategy to help organizations around the world address interconnected risk and people issues in an increasingly complex and uncertain environment," said Jenkins. "I am looking forward to sharing my perspective and working together with Aon's board and executive leadership to unlock further opportunities for the firm's clients to empower their people and protect and grow their businesses." For more information about Aon's corporate governance practices and Board of Directors, please click here. Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Media Contact [email protected] Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114 International: +1 312 381 3024 SOURCE Aon plc
Hans India
4 days ago
- Business
- Hans India
Aon appoints Sushant Sarin as Head of Strategy and Commercial Risk Solutions for India
MUMBAI: Aon plc (NYSE: AON), a leading global professional services firm, today announced the appointment of Sushant Sarin as head of strategy and Commercial Risk Solutions for India, effective immediately. Based in Mumbai, Sarin will report to Rishi Mehra, CEO of India for Aon, and will join the India Leadership Team. In this role, Sarin will lead Aon's commercial risk strategy and execution in India, overseeing the delivery of integrated risk solutions across key sectors and specialties. He will also drive strategic initiatives aligned with Aon's global priorities and play a pivotal role in shaping the firm's long-term growth in the region. 'Sushant brings deep industry knowledge, strategic foresight, and a proven track record of building high-performing teams and businesses,' said Mehra. 'His business acumen and leadership will be instrumental in driving our India business forward and delivering better outcomes for our clients.' Sarin joins Aon with over three decades of experience in the insurance industry, most recently serving as President at Tata AIG General Insurance. He has led large-scale commercial insurance operations, managed reinsurance portfolios with over USD 1.75 billion in GWP, and driven transformation across underwriting, distribution and client engagement. A respected industry leader and Fellow of the Insurance Institute of India, Sarin is known for his entrepreneurial mindset, client-centric approach and ability to deliver sustainable growth. 'I am honoured to join Aon at such a dynamic time for the industry,' said Sarin. 'I look forward to working with our talented teams to deliver innovative solutions that help clients navigate complexity and make better decisions.' Read more about Aon in India: About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.
The Sun
01-08-2025
- Business
- The Sun
AI-Driven Cyber Attacks and Supply Chain Vulnerabilities Escalate Risk Landscape in Australia, Aon Report Finds
SYDNEY, AUSTRALIA - Media OutReach Newswire - 31 July 2025 - Aon plc (NYSE: AON), a leading global professional services firm, has released the Australia-specific findings from its 2025 Cyber Risk Report. The report highlights the growing impact of artificial intelligence (AI)-enabled cyber attacks and the increasing exposure created by third-party technology supply chains. The report reveals that Australian organisations are facing a new frontier of cyber risk, where traditional defences are being outpaced by the speed and sophistication of AI-driven threats. 'AI is no longer a future threat—it's a present-day reality,' said Adam Peckman, head of risk consulting and cyber solutions in APAC and global head of cyber risk consulting at Aon. 'We're seeing relatively unsophisticated actors now wielding tools that rival state-sponsored capabilities. The barrier to entry has dropped dramatically, and the velocity of attacks is only increasing.' One of the most concerning developments is the emergence of AI-powered social engineering attacks. Last year saw an incident involving the theft of USD $25 million from a large UK engineering firm through a deepfake-enabled scam—an attack that has since been replicated onshore in Australia at smaller financial scale. These incidents underscore the growing accessibility and replicability of such tactics. In addition to AI threats, the report identifies technology supply chains as a critical vulnerability. A number of high-profile Australian breaches have stemmed from third-party compromises, where attackers exploit weaker security standards in vendors with privileged access to client systems. 'Organisations must start treating their vendors as part of their own attack surface,' added Joerg Schmitz, Cyber Risk Quantification and Analytics Leader for APAC at Aon. 'The most lucrative attacks are those that can be scaled across multiple targets through a single compromised supplier. This is a wake-up call for Australian businesses to reassess how they manage third-party risk.' Despite continued investment in cyber security, the report warns that core controls are being circumvented or rendered obsolete by evolving tactics. The use of AI to optimise every stage of the attack chain—from reconnaissance to execution—demands a fundamental rethink of defensive strategies. Aon's 2025 Cyber Risk Report draws on CyQu data from over 3,000 clients globally and analyses more than 1,400 cyber events to identify emerging trends. The platform enables organisations to benchmark their cyber maturity, align insurance and security strategies, and make more informed, data-driven decisions. Aon's 2025 Cyber Risk Report can be found here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement.
Business Wire
29-07-2025
- Business
- Business Wire
Q3 2025 Insurance Labor Market Study Results to be Highlighted in Webinar
CHICAGO--(BUSINESS WIRE)--The results of the Q3 2025 Insurance Labor Market Study will be shared in a complimentary webinar presentation at 1 p.m. CDT on August 7, 2025. The semi-annual study was conducted by The Jacobson Group, the leading provider of talent to the insurance industry, and Aon plc (NYSE: AON), a leading global professional services firm. The Q3 2025 Insurance Labor Market Study, conducted in part by The Jacobson Group, is now closed and the complimentary results webinar is open for registration. All members of the insurance industry are invited to attend: Share The study ran from July 7 through July 27, and surveyed insurance carriers across all industry sectors on hiring and revenue plans for the next 12 months. During the webinar presentation, Jeffrey Blair, senior vice president of executive search and business development at The Jacobson Group, and Jeff Rieder, partner and head of Strategy and Technology Group Performance Benchmarking at Aon, will share key findings and discuss industry labor market trends and staffing expectations for the coming year. 'For 16 years and counting, this study has provided insurers with valuable data for fine-tuning their talent strategies,' said Blair. 'The webinar will share insights on how the insurance talent landscape has evolved throughout the past year and what the industry can expect moving forward.' 'The insurance industry performed well in many aspects through the first half of 2025,' shared Rieder. 'Companies are determining what staffing investments are needed to support future growth initiatives.' The webinar is open to all members of the insurance community. To register, follow this link: About The Jacobson Group: The Jacobson Group is the leading provider of talent to the insurance industry. For more than 50 years, Jacobson has been connecting insurance organizations with professionals at all levels across all industry verticals. Jacobson provides insurance talent solutions to support virtually any human capital need. We offer executive search services and comprehensive staffing solutions, including professional recruiting, temporary staffing and interim experts. Follow The Jacobson Group on LinkedIn, X, Facebook and Instagram. About Aon: Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here. Aon UK Limited is authorised and regulated by the Financial Conduct Authority for the provision of regulated products and services in the UK. Registered in England and Wales. Registered number: 00210725. Registered Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN. Tel: 020 7623 5500. Aon is not responsible for the content of the third party website.
