Aon launches new cyber solutions group

Aon has launched a new cyber solutions group, with cyber adviser Chris McLaughlin appointed to lead as director.

The cyber solutions group would bring together Aon’s cyber consulting and insurance solutions to meet the evolving risk needs of its Australian clients.

McLaughlin would be tasked with building out Aon’s security offering through expansion of its global offering into the Australian market, growing the local team and building additional solutions.

According to Aon’s Global Risk Management Survey released this month, global businesses had ranked cyber as the sixth most pressing risk. Aon predicted cyber would jump to the third-highest overall risk in 2022.

McLaughlin said while a cyberattack often causes disruption to business and IT operations, it could also result in significant damage to reputation and brand, as well as other liabilities.

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“Aon’s Cyber Solutions Group offers full and comprehensive cyber risk management, supported by market leading proprietary technologies and unparalleled market expertise to help clients uncover and quantify cyber risks, protect critical assets, and recover from cyber incidents,” McLaughlin said.

“Aon does all this by operating in our client’s ecosystem — not ours.”

Jennifer Richards, managing director of specialties for Aon, said the greatest challenge organisations faced is staying informed about the evolving cyber risk landscape.

“The threats vary widely by industry, size and region,” Richards said.

“Australia is a sophisticated and mature market and our clients require holistic cyber solutions which address pre- and post-incident, across cyber security and risk transfer.

“Our latest investment reinforces Aon’s leadership in this sector and enables us to offer unique and highly differentiated solutions to our clients We are thrilled to have Chris lead our continued growth in this market.”