A recent survey of 300 business leaders by The Graham Company, an insurance and benefits broker based in Philadelphia, reveals that nearly three quarters of business leaders are worried about potential risks associated with cyber security threats and health care costs to their organizations. The report, titled "The Graham Company's 2015 Business Risk Survey," found a disconnect between business leaders' perceptions and what they are doing to mitigate risk right now.

One example of this is how 61% of respondents felt they are prepared for cyber security risks, yet only 56% of buisness leaders have completed an IT, network or cyber security audit within the past 2 years.

Twenty one percent of business leaders consider cyber security to be the single biggest risk facing their organization. Some of the reasons of these feelings include, according to the report:

  • Theft of customer info

  • Inability to use company network

  • Theft of private employee info

  • Intellectual property theft

  • Inability to access company website

The report includes the responses from 300 decision-makers from April 14-17, 2015.

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Jayleen R. Heft

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

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