Throughout 2017, the world has been rocked by cyber attacks. This should come as no surprise as cyber attacks have struck with greater frequency and sophistication. What is surprising, rather, is how little lawmakers and industries have done to strengthen their defenses.
Despite this, businesses can prepare for the unexpected. According to the 2017 RIMS Cyber Survey, organizations are buying more cyber insurance and spending more on cyber risk best practices. This year's survey had 288 respondents and was distributed to RIMS members between May 18 and June 25, 2017.
|Breaking down the numbers
Less than half of the respondents think that the government should mandate the reporting of cyber breaches, while around a third think the government should mandate cyber security standards for companies.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
