Zurich North America and Advisen have released a survey of corporate risk managers and insurance buyers revealing current views about information security and cyber risk management.
The survey results indicate that risk professionals are increasingly aware of their intensifying cyber risks and the need to manage them using risk mitigation and risk transfer. However, a deeper dive into the numbers found that there is much room for improvement in building cyber resilience.
Sixty-five percent of respondents have invested in cybersecurity solutions to mitigate risk, which means that 35 percent of respondents still have not.
“At Zurich, we have been advocating for increased cyber resilience among businesses for years so seeing a continued increase in take up rate and strengthening risk mitigation efforts is very encouraging,” said Michelle Chia, Head of Professional Liability and Cyber for Zurich North America.
“The survey results also tell us, however, that more work needs to be done to increase cyber resilience and we are committed to providing businesses the resilience strategies they need through education and support.”
Gaps in risk mitigation efforts
The…
