Lockton’s Kevin Holland Discusses the Surge in Cybercrime and How to Protect Your Firm

Cybersecurity has become a big issue in recent months as we’ve seen a surge in cybercrimes. Several have made the headlines, including ransomware attacks on the Colonial Pipeline, JBS Foods, the computer manufacturer ACER, and AXA, an international insurance company that ironically had just announced days before the attack that it would no longer reimburse some clients for ransomware payments. Likely, many more attacks go unreported, and experts predict that the pace and severity of cybercrime activity will increase.

Kevin Holland of Lockton's Engineering and Design Practice joined the program to talk about the current situation with cybercrime, its frequency in the engineering industry, cybersecurity insurance, and what firms can do to protect themselves.