Zurich identifies seven cyber risks that threaten systemic shock
Zurich warns that a build-up in these risks could create a failure on a similar scale to the 2008 financial crisis. Such interconnected risks are compounded when a company outsources the management of its servers, information technology and cyber security to focus on its core activities. Little information may be known about the third party's information security or business continuity safeguards and it may also in turn outsource activities to other companies.
The report calls for organisations to incorporate the best ideas from financial governance such as creating a G20+20 Cyber Stability Board to enhance cyber risk management and identifying and improving the governance of G-SIIOs (Global Significantly Important Internet Organizations).