There is growing concern about complacency around active cyber risk management and maintaining resilience to cyber threats. Read the blog to gain insight on the factors fueling these concerns.
Pratt Computing Technologies, founded in 1985, is a Certified Microsoft Partner that helps businesses #SMB and #Nonprofit #BeCyberSmart and maximize their use of #Microsoft365BusinessPremium and #MicrosoftTeams.
What is the current state of cyber risk perception among business leaders?
According to Beazley's latest research, cyber risk remains a top concern for business leaders, with 28% of UK and US respondents identifying it as their primary risk in 2022. However, this marks an 18% decrease from 34% in 2021. Additionally, over 41% of business leaders feel 'very prepared' to tackle cyber threats, indicating a potential overconfidence in their current cyber resilience.
How are geopolitical risks affecting cyber resilience?
The uncertain geopolitical environment may be distracting business leaders from addressing cyber risks effectively. The report suggests that this distraction could lead to a deterioration in cyber resilience, as many companies may be overlooking necessary upgrades to their cyber protections due to the overwhelming challenges posed by geopolitical issues.
What trends are emerging in technology risk management?
The report highlights a significant increase in concern over intellectual property risk, which has risen by 107% since 2021. Additionally, technology obsolescence has become a top concern for 27% of business leaders, indicating a shift in focus towards managing these specific risks. However, perceived resilience in these areas has declined, suggesting that businesses may be struggling to keep pace with necessary updates and protections.
Sign in with LinkedIn