Willis Towers Watson has appointed Peter Foster as chairman of Global FINEX Cyber and Cyber Risk Solutions. Foster has been with Willis Towers Watson for over 14 years and has been instrumental in building the company’s global cyber capabilities.
In a recent report from Willis Towers Watson and independent researcher ESI ThoughtLab, annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million. Willis Towers Watson’s cyber platform enables clients to evaluate the full extent of their cyber risk exposure and determine an effective strategy for managing the risk.
Peter Foster, chairman, Global Finex Cyber and Cyber Risk Solutions, Willis Towers Watson, said, “Our recent data highlighting the increasing number of firms losing considerable sums from cyber attacks demonstrates the need for robust cybersecurity solutions. Cyber risk continues to be a key component of our global strategy and we have built tremendous momentum and capability in this space through our fully integrated and holistic approach to all aspects of mitigating cyber risk. I am delighted to be leading such an experienced global team with the breadth of knowledge and depth that we harness globally.”