Page 20 - Turkinsurance Digital Magazine

20 cover story

Technology is growing at an unpredictable pace every day. From daily tasks to public
processes, individual and corporate processes are becoming digitalized. Nowadays, almost

everything, from accessing basic food resources to banking transactions, from shopping
to communication processes, is conducted through online platforms. So, how is the rise in
cyber risks in this situation? How can protection be provided against these risks?

As the world becomes more digitalized, the frequency, intensi- executives from 65 countries, one in four companies worldwide
ty, and complexity of cyber incidents are increasing, along with (27%) has experienced a data privacy breach in the past three
reliance on technology. Security vulnerabilities and threats are years that resulted in financial losses ranging from $1 million to
proliferating due to the increase in the number of technological $20 million.
connections, creating growing and increasingly difficult-to-de-
tect and control systemic risks. According to PwC’s Global State The 2022 Future Risks Report by the AXA Group, which revealed
of Information Security Survey, which involved 3,522 senior long-term risk factors affecting the entire world, also highlighted