Latest news with #CyberQuotientEvaluation
Hans India
4 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.
The Sun
16-07-2025
- Business
- The Sun
Rising AI-Driven Cyber Attacks and Geopolitical Tensions Shaping Asia Pacific Cyber Risk Landscape, Aon study
SINGAPORE - Media OutReach Newswire - 15 July 2025 - Aon plc (NYSE: AON), a leading global professional services firm, has released the Asia Pacific (APAC) findings from its 2025 Cyber Risk Report. The 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. From these insights, the report signals that the APAC region 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, is shaping how APAC companies manage cyber risk. Key Findings: In the APAC region, 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. Globally, malware and ransomware attacks were ranked most likely to trigger reputational damage, accounting for 60 percent of all reputation risk events, despite making up only 45 percent of total cyber incidents. '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.' 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. The APAC insights from the Aon's 2025 Cyber Risk Report can be found here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement.
Cision Canada
17-06-2025
- Business
- Cision Canada
Aon's 2025 Global Cyber Risk Report Reveals Reputation Risk Events Can Reduce Shareholder Value by 27 percent
DUBLIN, June 17, 2025 /CNW/ -- Aon plc (NYSE: AON), a leading global professional services firm, today released its 2025 Cyber Risk Report, revealing that cyber events that cause reputation risks can result in an average of 27 percent drop in shareholder value, highlighting the growing financial and reputational stakes of cyber risk. The findings build on Aon's 2023 research, which showed that major cyber incidents led to an average 9 percent decline in shareholder value over the following year. This year's report goes further, analyzing more than 1,400 global cyber events and identifying which types of attacks are most likely to evolve into reputation risk events and which can be the most damaging when they do. "Cyber risk is no longer just a technology issue — it's a boardroom issue," said Brent Rieth, global cyber leader at Aon. "Our latest research underscores the importance of proactive risk mitigation. Organizations that invest in preparedness and resilience are far better positioned to avoid the reputational and financial fallout that can follow a cyber event." Among the report's key findings: Of the 1,414 cyber events analysed, 56 developed into reputation risk events, which are defined as cyber incidents that attract significant media attention and lead to a measurable decline in share price. Companies affected by these reputation risk events experienced an average shareholder value decline of 27 percent. Malware and Ransomware attacks were the most likely to trigger reputational damage, accounting for 60 percent of all reputation risk events, despite making up only 45 percent of total cyber incidents. Five drivers of value recovery — preparedness, leadership, swift action, communication and change — were identified as critical levers for mitigating reputational fallout. The report also highlights the growing challenge of managing uninsurable risks. While cyber insurance can help transfer some financial exposure, reputation risk remains largely nontransferable, making proactive risk management and crisis response essential. "As cyber threats grow more complex and interconnected, companies need a clearer view of their exposure, stronger alignment between cybersecurity and insurance strategies, and the tools to make better, data-driven decisions. Aon is uniquely positioned to support clients through these challenges," added Rieth. Aon's 2025 Cyber Risk Report draws on proprietary data from the firm's Cyber Quotient Evaluation, a patented global e-submission platform that streamlines the cyber insurance intake process and empowers organizations with actionable insights into their cyber exposures and insurability — helping to strengthen both underwriting outcomes and cyber risk management strategies. 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.
