Illustration of a burglar on top of an open laptop, "breaking in." “Given the continued rise of ransomware and the current tumultuous threat landscape, it is not surprising that many organizations do not feel any more confident in their ability to respond to cyber risks now than they were in 2019,” Sarah Stephens, head of cyber, international for Marsh, said in a release. (Credit: DrDrawer/Shutterstock)

In 2019, 19.7% of global business leaders felt highly confident in their organization’s core cyber risk management abilities. This has largely remained unchanged, according to a report from Marsh and Microsoft Corp., as only 19% of business leaders are highly confident in their cyber risk programs today.

Additionally, organizations are still failing to fully piece together how risks faced by their vendors and digital supply chain fit into their overall cybersecurity programs. Fewer than half of surveyed businesses have conducted a risk assessment of their vendors and supply chain.

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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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