Risk managers are aware of the cyber attacks their businessesface, but a large portion of them say they are not doing enough tocombat that threat, according to The Hartford Steam BoilerInspection and Insurance Co.'s Cyber RiskSurvey.
HSB, part of Munich Re, surveyed 102 risk managers on April 27during RIMS' annual conference in New Orleans. The risk managersrepresented small (7% of those surveyed), mid-sized (30%) andlarge-sized (63%) businesses in the manufacturing/industrial;retail; financial services; government/military;medical/healthcare; and education industries.
According to the study, nearly 70% of all businesses surveyedexperienced one hacking incident in 2014. However, more than half(55%) of risk managers surveyed do not believe their companies arededicating enough money or trained personnel to combat the latestdevelopments in web-based information theft.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.
