Willis Towers Watson appoints Peter Foster to lead global cyber unit

Broker Willis Towers Watson has appointed Peter Foster as chairman of global FINEX cyber and cyber risk solutions.

Foster has been with the company for over 14 years and has been instrumental in building the its global cyber capabilities.

According to WTW's recent report, annual losses from cyber attacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million.

“Our recent data highlighting the increasing number of firms losing considerable sums from cyber attacks demonstrates the need for robust cybersecurity solutions," said Foster. "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.”

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