Cyber risk mitigation lags behind awareness: Survey>
Business Insurance – Matthew Lerner
There is a gap between enterprisesâ perception of cyber threats and their ability to cope with them, according to a report issued Thursday by Marsh L.L.C. and Microsoft Corp. While 20% of 1,312 respondents in the Marsh-Microsoft worldwide cyber perception survey said their organizations had been a victim of a successful cyber attack within the past 12 months, and 40% estimated their worst-case cyber loss scenario at $50 million or above, only 30% said they had developed a plan to respond to cyber attacks. Cyber risk, the global survey showed, âis at the forefront of the corporate risk register,â but management strategy in approaching it is lagging behind, said John Drzik, president of global risk and digital for Marsh in New York. Business interruption âis now perceived to be more impactful than data breach,â which was cited by 55% of respondents. Fully 70% of respondents said their information technology departments are the âprimary owner and decision-makerâ in the companyâs cyber security structure. This runs counter to advice that suggests bringing in more players for a cross-disciplinary, holistic approach.
Link: http://www.businessinsurance.com/article/20180215/NEWS06/912319255/Cyber-risk-mitigation-lags-behind-awareness-Marsh-Microsoft-perception-survey