The threat of intangible asset incidents is likely to increase according to Peter Hacker, Head of Communications, Technology and Media Practice at JLT. Speaking at this week’s 9th forum on Global Communications, Technology & Media (CTM) in Salzburg, Hacker said that as the frequency and severity of cyber crimes is likely to increase so too will their damage to operations, reputations and other intangible assets. According to JLT’s CTM Benchmarking Industry Survey from the 2011 Salzburg Conference, JLT expect 50%-60% of all CTM corporations to revise their corporate privacy policy, catastrophe response plans and insurance requirements by the end of 2012.
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