While many organizations have invested heavily in technologies to protect their systems and data, the situation of cyberattacks is constantly changing, said Ruff Sanchez, Beasley’s International Infringement Services Manager, in a release. Stated. Cybercriminals are increasingly well-funded and innovative, requiring constant organizational vigilance. (Credit: Melinda Nagy / stock.adobe.com)
When it comes to technology risk, cyberattacks are the number one concern for business leaders, according to a Beazley Group report, which ranks higher than any other category, including business, environmental, regulatory and political risk. increase.
It’s easy to see that the technology risk rankings are very high, even during a pandemic. Paul Bantic, Global Head of Cyber and Technology at Beazley, said in the release that a strong awareness of risk is encouraging. However, technology is an area where threat vectors are constantly evolving, and companies need to keep updating their risk management processes and work with partners who can help identify and mitigate technology-based risks.
In the United States, 38% of business leaders rank cyber as the greatest risk, and 29% of UK executives say the same. However, more than half of US companies report that they feel they are ready to anticipate and respond to cyberattacks. According to a professional insurance company, only 35% of UK executives agreed.
However, feelings about preparation vary widely from sector to sector. Beazley noted that industries with the longest history of dealing with cyber-threat retail and financial services tend to be confident in their ability to manage risk.
Conversely, companies in industries that typically have low budgets and low margins, such as hospitality, marine, warehousing, and the public sector, are much less resilient. Beazley reported that these organizations do not have the funds to properly invest in the right mitigation tools.
The industries that we find most cyber-exposure are energy and utilities, which 40% of executives in this sector rank as the greatest risk. This is followed by retail and technology media / telecommunications.
While many organizations have invested heavily in technologies to protect their systems and data, the situation of cyberattacks is constantly changing, said Ruff Sanchez, Beasley’s International Infringement Services Manager, in a release. Stated. Cybercriminals are increasingly well-funded and innovative, requiring constant organizational vigilance.
Innovation against turmoil
According to Beazley, innovation and failure to keep pace with competitors continue to awaken executives at night when it comes to tech risk. Approximately 30% of business leaders point it to a major risk, but less than half of the companies surveyed feel ready to respond.
US organizations in healthcare and life sciences rank this risk as the most pressing, and UK manufacturers say the same.
But Beazley found that these executives weren’t afraid of the changes needed to embrace innovation. Rather, they are worried about how fast they can change without destabilizing their business models and revenue streams.
In addition, only 26% of business leaders in the United States and the United Kingdom feel they are at risk from not adapting to changing technology developments.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]