In late 2013, Advisen and insurer Zurich took the pulse of the cyber community to test the current state of—and trends in—information security and cyber liability risk management.
More than 320 cyber professionals completed the survey, which showed how cyber risk has moved firmly onto the Boardroom agenda, and that privacy violations and damage to reputation are considered to be the greatest threats arising out of a cyber attack.
Exposures such as operational disruptions due to denial of service attacks, lost or stolen data, violation of privacy laws and intellectual property infringement have long been a concern of larger companies.
In 2013, smaller businesses began to increasingly realize they were also at risk. As a result, information security risks became a risk management focus of more organizations and insurance cemented itself as a part of the cyber risk management strategy for a majority of organizations surveyed by Advisen.
Read the survey to find out more.
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