Aon | Professional Services Practice
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March 2025 - “We’re All in This Together: The Case for Purple Teaming” reviews available cyber security testing strategies and the benefits of ‘purple team’ testing.
to Help Address Them
January 2025 - As the cyber threat landscape changes due the introduction of new threat surfaces from AI-driven solutions, ever-increasing sophistication of attacks, and pressure from regulatory bodies, increased collaboration is required within organizations to prioritize the most critical security...
October 2024 - October’s Cyber Awareness Month is a time to consider the cyber landscape and how professional service firms can build resilience, plan and practice responses to attacks and make their contribution to securing our world.
Management Strategy - September 24th, 2024
August 2024 - Join us for a discussion around practical points and pitfalls in cyber governance against the backdrop of increasingly sophisticated threat actors, new cyber disclosure requirements, and heightened scrutiny from regulators, shareholders, consumers, and others.
Firms
October 2023 - Following a tradition started in 2004, when the federal government of the U.S. designated October as Cybersecurity Awareness Month, the Professional Service Practice of Aon is highlighting...
Firm Cyber Risk in 2023
October 2023 - In January I boldly made some predictions on the anticipated major cyber security challenges for professional service firms in 2023. Cyber October seemed like the ideal opportunity to review whether I was badly wrong or depressingly right.
October 2023 - A ransomware group most commonly referred to as “Scattered Spider” has been highlighted in the cyber security media as a troublesome threat actor.
Fraud (SEF) and Business Email Compromise (BEC)
August 2023 - Law firms have long been among the more frequent and lucrative targets for social engineering fraud. In 2013 a fraudster was indicted for stealing over $70 million from US and Canadian law firms, using variations on the “debt collection” scam. This form of scam has never gone away and ...
August 2023 - Aon’s 2023 Cyber Resilience Report is a guide that company leaders can use to help benchmark their organization’s risk maturity against peer companies and build their cyber resilience.
March 2023 - The collapse of the Silicon Valley Bank and the banking crisis that has ensued is causing considerable fear, uncertainty and doubt throughout the technology, finance and related sectors. The impact that this has on cyber risk may not be everyone’s first thought, but hackers regard this ...
Will More States Adopt Them?
March 2023 - The practicality and implications of a broad ransomware payment prohibition has been much discussed by politicians at the state and federal level over the past few years.
in 2023
February 2023 - Tom Ricketts, Professional Services Practice’s Cyber Leader, discusses seven cyber challenges that professional service firms will face in 2023 on Aon North American Insights.
January 2023 - An important issue has emerged in the London Market relating to the treatment of cyber risk within Professional Indemnity (E&O policy) and other non-cyber policies.
of Cyber Breach Investigation and Response Reports
October 2022 - In an article from the Quality Assurance Review, Fall 2022, Professional Services Practice’s Loss Prevention team addresses the standards that courts apply and the facts and circumstances they consider in deciding whether data breach consultants’ reports and related communications are...
October 2022 - The Aon Loss Prevention team reports on the results of its comprehensive survey of law firm general counsels, managing partners, and chief information security officers about their firms’ cybersecurity infrastructure and the top cyber challenges they face, from data privacy law compli...
Services Firms and Cyber Risk
October 2022 - Since 2004 the President and Congress have declared October to be Cybersecurity Awareness Month. In support of this tradition, the Professional Services Practice at Aon is highlighting the cyber risk faced by professional services firms and bringing you thought leadership and solution...
and Prove a Loss of Revenue?
September 2022 - As discussed in the Professional Services Practice’s “Looking Ahead: Top Risks Facing Professional Service Firms in 2022 and Beyond” Cyber-attack/data breach was the top rated risk facing firms in 2022. Business interruption was rated 4th in the same Global Risk Management Survey. A...
April 2022 - The Financial Services Group at Aon discusses the evolution of cyber risk to include business interruption and ransomware in January 2022’s Cyber Risk is Directors’ and Officers’ Risk.
Ransomware
January 2022 - As one of the most targeted industry sectors, professional service firms must carefully consider the implications of responding to ransomware demands.
Discusses the False Claims Act
November 2021 - In its latest white paper, Aon Cyber Solutions explores “how doing business with the U.S. government can cost millions under the False Claims Act,” and offers proactive steps that professional services firms can take to manage these risks when working with the federal government, its...
Offerings for Professional Service Firms
June 2021 - The ransomware epidemic is growing exponentially and is assuming geopolitical importance. The research company Cybersecurity Ventures predicts the global cost of cybercrime will reach $6 trillion in 2021.
firms
May 2021 - Ransomware is a leading risk for professional service firms in 2021 – Aon’s Cyber Solutions Group statistics show that ransomware attacks have increased 486% in two years. A recent report from Coveware, a leading extortion negotiator, shows that professional services is now...
November 2020 - After encountering this year’s highest ransomware demand of USD 80 million, Aon’s experts are acutely aware of the rapidly rising threat of ransomware attacks and the resultant risks faced by professional service firms. Alongside the multimillion dollar ransom demands...
October 2020 - In March of 2010, a Houston-based lawyer fell victim to a scam asking the individual to represent a Hong Kong corporation to pursue debtors in the US that owed the company over USD 4 million. Engagement letters were signed, but before the law firm...
Ransomware Attacks: What You Need to Know
October 2020 - Ransomware has emerged as the major cyber threat affecting professional service firms in 2020. As we approach Q4, several studies have been published by insurers and cybersecurity specialists that have highlighted the dramatic increases in these attacks since 2019...
Firms
September 2020 - REvil is a known hacking group that has been active for some time and has been named in several ransomware attacks on a variety of targets including financial institutions, recently hitting a major travel exchange entity and a South American bank. The group has not been...
firms (and other professional service firms)?
April 2020 - In February 2020, a major vendor to the legal profession suffered a ransomware attack that forced it to take its legal services platform offline for over two weeks. In addition to the inconvenience of having to reschedule matters, law firms were left with the uncertainty...
& cyber
March 2020 - Professional service firms’ risk profiles are changing due to the increased use of technology and tools such as artificial intelligence. Firms may encounter significant impacts on business models and client needs. While the additional complexity will reduce...
service firms?
December 2019 - Access to sensitive data and commitments to client confidentiality put professional service firms at particular risk from cyber-related exposures. While safety measures and risk management strategies can eliminate a substantial portion of cyber risks...