A shift in risk management priorities
Today’s senior leaders face a range of complex, interconnected and fast-evolving risks. Few of these are as critical and so poorly understood as the risk of cyber-attack.
One of the main challenges is the non-physical nature of the threat. Data is a long way from the traditional property that can be neatly defined and covered by standard business insurance. All too often, the potential for a cyber-attack is regarded as an IT problem rather than an enterprise-wide issue. Yet a serious breach can cause catastrophic harm: it undermines customer trust, provokes regulatory scrutiny, disrupts operations and causes long-term financial damage.
We carried out our new research with one question in mind: how do today’s leaders ensure that their businesses can anticipate and overcome cyber risk? Read on to find out more.