As bad actors continue to hone their skills and governments keep raising the penalty for getting breached, large organizations across the globe seem to be doing little to mitigate the risks associated with cybercrime – despite knowing better for years.
In an apparently encouraging development for businesses, risk management experts last year showed how EU companies were using the General Data Protection Regulation (GDPR) as a catalyst to up their game in cyber risk management.
More recently, the same group conducted a similar study – this time globally – to see if senior executives at large companies have met their promise to adopt a more comprehensive approach to cyber resilience (risk prevention, response, mitigation, etc.). Judging by the results, businesses still have a lot to do – and quite a bit of money to invest – if they are going to keep hackers at bay.
“A top risk management priority”
A new global survey by insurance brokers at Marsh reveals that few organizations can manage the risk of a cyber-attack – this, even though high-ranking executives at these organizations view cybersecurity as “a top risk management priority.”
Marsh polled 1,300 senior…
