Migration to the cloud and the arrival of 5G have digitally transformed both how we do business and how we live our lives, while Zero Trust has presented us with the opportunity to transform how we view cyber defense. Zero Trust for 5G is an opportunity to modernize and rebuild our technology platform and the ways in which we use it. This new method of defense does more than simply protect assets sustainably. It offers an opportunity to transform what we do and how we do it.

Recent cybersecurity incidents and ransomware attacks are driving companies to apply for cyber insurance. Meanwhile, over the last 12 months the rate of ransomware attacks has skyrocketed in both frequency and severity, driving significant changes in the cyber insurance marketplace. In years prior, cyber insurance submissions were simple and it was easy to obtain bindable quotes from multiple vendors. But times have changed and Since January 1, organizations applying for cyber insurance have had to show they are implementing a long list of cybersecurity technologies and practices including Multi-Factor Authentication and an incident response plan to get coverage.

Critical events such as cyber attacks, IT outages, extreme weather events, and safety hazards have long-lasting impacts on private and public organizations. The Business Continuity Institute (BCI) estimates the average cost of a safety incident at US$1.8M (€$1.5m), and that of an extreme weather incident at US$1.3M (€$1.0m). Such events also incur many indirect costs that are harder to measure, such as the negative impact on employee well-being and reputational damage.