This year, Beazley is closely watching how the courts will respond to a recent spate of generative artificial intelligence (AI) and privacy-related litigation, evaluating how different global markets will respond to regulatory changes and thinking about how cybercriminals will evolve their tactics. And, of course, they're preparing for the myriad ways all of these emerging trends will impact businesses.
At the beginning of 2023, Beazley predicted that greater incident complexity, class actions for cyber extortion and increased use of security measures like multi-factor authentication (MFA) would be the big themes –all of which did indeed bear out over the course of the year.
Will Beazley's 2024 predictions be equally prescient? That remains to be seen. But regardless of how things unfold, they'll will be here to track the trends, share their insights and help their broker and client partners stay informed so that you can make the very best cyber security decisions possible.
