The eighth annual Information Security and Cyber Risk Management survey from Zurich North America and Advisen Ltd. includes responses from risk professionals to gain a deeper understanding of corporate attitudes and strategies around cyber risk. Consistent with previous years, the 2018 study was designed to provide a benchmark for cyber risk strategies and to identify areas where insurance can bring value through strategic cyber prevention and response initiatives.
A key trend throughout the eight years of this study has been a growing reliance on insurance. The percentage of companies who purchase cyber insurance, either via stand-alone policies or endorsements, has increased 40 percentage points since 2011. The results of this year’s study show a 10 percentage point uptick from 2017, the largest year-over-year increase since the first survey.