Do you remember that old Avis commercial about which company wasthe No. 1 car rental company? Avis used the slogan, “We’re No. 2,but we try harder.” You might say that about cyber risk andhackers, too: Cyber risk is the second biggest concern for U.S.businesses, according to the second annual Travelers Business Risk Index. But hackers are trying harder tobreach data security and obtain private information, which couldsee the risk rise to No. 1 soon.

“The top three concerns are indicative of the ever-evolvingrisks that pose threats to American businesses,” says MichaelKlein, executive vice president and co-president of BusinessInsurance at Travelers. “Yet, when it comes to managing risk,businesses are often least prepared for their most worrisomeconcerns. Fortunately, many of these risks can be mitigated andresources are available to help businesses of any size stayprotected.”

Business leaders seem to be more optimistic than they were lastyear, however. Fewer survey respondents reported concerns about theeconomy and fewer believe the world is becoming riskier.