There is growing concern about complacency around active cyber risk management and maintaining resilience to cyber threats. Read the blog to gain insight on the factors fueling these concerns.
What is the current state of cyber risk perception?
According to Beazley's latest research, cyber risk remains a primary concern for technology leaders, with 28% of UK and US respondents identifying it as their top risk in 2022. However, this marks an 18% decrease from 34% in 2021, indicating a shift in perception.
Are businesses becoming complacent about cyber resilience?
The report highlights that over 41% of business leaders in the UK and US feel 'very prepared' to tackle cyber threats, despite a slight decrease from the previous year. This may indicate a level of overconfidence, especially as many leaders are distracted by the current geopolitical landscape.
What are the emerging risks in technology?
The report shows a significant rise in concern for intellectual property (IP) risk, which has increased by 107% since 2021. Additionally, technology obsolescence has become a top concern for 27% of business leaders, suggesting a need for improved risk management strategies in these areas.
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