Cyber remains a top concern, but business leaders may be overconfident about their resilience against the threat, according to new research from Beazley.
Cyber was chosen as the No. 1 technology risk for 28% of UK and U.S. respondents in Beazley’s 2022 risk and resilience study, but this is a noticeable decrease from 34% in 2021. Meanwhile, 41% of UK and U.S. business leaders said they feel “very prepared” to meet the cyber threat, down slightly from 44% in 2021.
“We are detecting signs that business leaders may have become a little complacent—even overconfident—about the cyber and technology risks faced by their businesses. Perhaps because of the overwhelming challenge that the current geopolitical environment poses today, they may be being blinded to the threat that cyber and technology risk may deliver tomorrow,” said Patricia Kocsondy, head of U.S. cyber and technology, Beazley.
Among the study’s findings:
- Technology obsolescence is the No. 1 risk for 27% of UK and U.S. business leaders, displacing disruption in the ranking. At the same time, perceived resilience has also dropped, possibly as…
