Warren Buffett: Cybersecurity risk 'is uncharted territory. It’s going to get worse, not better'

Warren Buffett: Cybersecurity risk 'is uncharted territory. It’s going to get worse, not better'

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/05/warren-buffett-cybersecurity-risk-is-uncharted-territory-its-going-to-get-worse-not-better.html

Warren Buffett believes cybersecurity incidents will rise, and with it the potential to significantly harm the insurance industry.

"Cyber is uncharted territory. It's going to get worse, not better," he said at the Berkshire Hathaway 2018 Annual Shareholders Meeting Saturday. "There's a very material risk which didn't exist 10 or 15 years ago and will be much more intense as the years go along."