cyber risk is a top concern for companies · 2017-05-29 · attacks on plant, property and...

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Companies’ readiness to manage cyber risk decreased from 82% to 79% 3% BUT ARE YOU READY? CYBER RISK IS A TOP CONCERN FOR COMPANIES ORGANIZATIONS NEED A PLAN to assess, test, improve, quantify, transfer, and respond to cyber risk. 47% strozfriedberg.com / ©2017 Stroz Friedberg. All rights reserved. 4x 23% 33% Global businesses rank cyber in the list of most concerning risks up from #9 two years ago #5 Businesses rank cyber as the #1 Attacks on cyber assets cause 72% more insurance is being spent on property related risks than cyber risk of companies employ financial quantification in their cyber risk assessment of companies are transferring greater risk to the commercial insurance market OF COMPANIES HAVE NOT ADOPTED CYBER RISK ASSESSMENTS than plant, property and equipment assets MORE 63% OF COMPANIES 14% MORE RISK that suffered a data breach in the last 2 years are now more concerned about their cyber liability The ANNUAL AVERAGE COST of a CYBER INCIDENT in 2016 rose to 65% OF COMPANIES see their cyber risk exposure increasing Loss of income from cyber incidents has increased from Businesses value cyber assets 8% TO 10% years over the next 2 $9.5 Million in North America where most attacks happen business disruption than attacks on plant, property and equipment assets Aon Global Risk Management Survey 2017, April 24, 2017. 2017 Cyber Risk Transfer Comparison Global Report, Ponemon Institute, April 25, 2017.

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Page 1: CYBER RISK IS A TOP CONCERN FOR COMPANIES · 2017-05-29 · attacks on plant, property and equipment assets Aon Global Risk Management Survey 2017, April 24, 2017. 2017 Cyber Risk

Companies’ readinessto manage cyber risk decreased from 82% to 79%

3%

BUT ARE YOU READY?

CYBER RISK IS A TOP CONCERN FOR COMPANIES

ORGANIZATIONS NEED A PLAN to assess, test, improve, quantify, transfer, and respond to cyber risk.

47%

strozfriedberg.com / ©2017 Stroz Friedberg. All rights reserved.

4x

23% 33%

Global businesses rank cyber in the list of most concerningrisks up from #9 two years ago #5 Businesses

rank cyber as the#1

Attacks on cyber assets

cause72%

more insurance is being spent on property related risks than cyber risk

of companies employ financial quantification in their cyber risk assessment

of companies are transferring greater risk to the commercial insurance market

OF COMPANIES HAVE NOT ADOPTED CYBER RISK ASSESSMENTS

than plant, property and equipment assets

MORE

63%OF COMPANIES

14%

MORE

RIS

Kthat su�ered a data breach in the last 2 yearsare now more concerned about their cyber liability

The ANNUAL AVERAGE COST of a CYBER INCIDENT in 2016 rose to

65%OF COMPANIESsee their cyber risk exposure increasing

Loss of income from cyber incidents has increased from

Businesses value cyber assets

8% TO 10%years

over thenext

2

$9.5 Million

in North Americawhere mostattacks happen

business disruption than attacks on plant, propertyand equipment assets

Aon Global Risk Management Survey 2017, April 24, 2017.2017 Cyber Risk Transfer Comparison Global Report, Ponemon Institute, April 25, 2017.