Skip to main content

As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

October 25, 2023

Mario Paez quoted in PlanSponsor

Cybersecurity tools that businesses need to protect their valuable data from bad actors continue to get more complex, as do the strategies taken by cybercriminals.

At a recent webinar hosted by PlanSponsor, Mario Paez, national cyber risk practice leader at Marsh McLennan Agency, said employers and plan sponsors must ensure their insurance coverage is adequately structured to protect their customer, employee, and financial data. Additionally, he mentions it’s equally important to review your third-party partners to ensure they take the same precautions. Having a broker partner is vital to this risk mitigation approach.

Some think that other business insurance, not tailored to digital crime will be sufficient, which is not always the case, Paez said. Indeed, specialized cybersecurity policies are complex, “and the devil is in the details,” he admonished.

Read the full article in PlanSponsor.