Throughout 2017, the world has been rocked by cyber attacks.This should come as no surprise as cyber attacks have struck with greater frequency andsophistication. What is surprising, rather, is how little lawmakersand industries have done to strengthen theirdefenses. 

Despite this, businesses can prepare for the unexpected.According to the 2017 RIMS Cyber Survey, organizationsare buying more cyber insurance and spending more on cyber riskbest practices. This year's survey had 288 respondents and wasdistributed to RIMS members between May 18 and June 25,2017. 

Breaking down the numbers

Less than half of the respondents think that the governmentshould mandate the reporting of cyber breaches, while around athird think the government should mandate cyber security standardsfor companies.  

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].