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“Although many organizations have invested heavily in technology to protect their systems and data, the cyberattack landscape is constantly shifting,” Raf Sanchez, international breach services manager at Beazley, said in a release. “Cybercriminals are increasingly well-funded and innovative, making constant vigilance by organizations a necessity.” (Credit: Melinda Nagy/stock.adobe.com) “Although many organizations have invested heavily in technology to protect their systems and data, the cyberattack landscape is constantly shifting,” Raf Sanchez, international breach services manager at Beazley, said in a release. “Cybercriminals are increasingly well-funded and innovative, making constant vigilance by organizations a necessity.” (Credit: Melinda Nagy/stock.adobe.com)

When it comes to technology risks, cyberattacks are the leading worry for business leaders, according to a report from Beazley Group, which found technology risks ranked higher than any other category, including business, environmental, and regulatory and political risks.

“Technology risk ranking as highly as it does even during a pandemic is very telling. Strong awareness of the risk is encouraging,” Paul Bantick, global head of cyber and technology at Beazley, said in a release. “However, technology is an area where the threat vector evolves constantly, and businesses need to continue updating risk management processes and work with partners that can support them in identifying and mitigating tech-based risk.”

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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