A recent survey of 300 business leaders by The Graham Company, an insurance and benefits brokerbased in Philadelphia, reveals that nearly three quarters ofbusiness leaders are worried about potential risks associated withcyber security threats and health care costs to theirorganizations. The report, titled "The Graham Company's 2015Business Risk Survey," found a disconnect between business leaders'perceptions and what they are doing to mitigate risk right now.

|

One example of this is how 61% of respondents felt they areprepared for cyber security risks, yet only 56% of buisness leadershave completed an IT, network or cyber security audit within thepast 2 years.

|

Twenty one percent of business leaders consider cyber securityto be the single biggest risk facing their organization. Some ofthe reasons of these feelings include, according to the report:

  • Theft of customer info

  • Inability to use company network

  • Theft of private employee info

  • Intellectual property theft

  • Inability to access company website

The report includes the responses from 300 decision-makers fromApril 14-17, 2015.

|

Related: 6 things agents need to know about basic securityfor cyber coverage

|

info business

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].