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Tech assets are underinsured: 39% more exposed than property assets [Report]

And cyber risks are predicted to skyrocket over the next 5 years.

By Jayleen R. Heft | Updated on May 12, 2015
While cyber is one of the fastest growing risks for companies, businesses are only protecting 12% of those assets. (Photo: Shutterstock)

A new report concludes that companies of all sizes are advised to consider cyber threats as one of the fastest growing risks, with information technology (IT) assets often as valuable as their property assets. 

The 2015 Global Cyber Impact Report, independently conducted by the Ponemon Institute  and sponsored by Aon, identifies the financial impact of cyber incidents compared to tangible asset vulnerabilities. The global study, which surveyed more than 2,200 companies in 40 countries, found that while cyber is one of the fastest growing risks for companies, businesses are only protecting 12% of those assets compared to 51% of tangible property assets, leaving IT assets 39% more exposed than property assets.

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Jayleen R. Heft

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].

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