More US Professionals Look to Cyber Insurance
The huge publicity and new information on the impact of a cyberattack has persuaded organisations to place greater emphasis on developing risk management strategies to proactively address these exposures, reports the Risk Management Society (RIMS).
US-based RIMS has conducted its first cyber survey to explore strategies implemented by financial and risk professionals including insurance investments, exposures, cybersecurity ownership, government involvement, as well as identification methods and response procedures.
Key findings from RIMS Cyber Survey 2015 include:
“It seems like every day risk professionals are confronted by new cyber-attacks and forced to take immediate action to protect their organisations before it is too late,” said RIMS president Rick Roberts.
“The key to successfully mitigating the impact of a cyber-breach – or even preventing one in the first place – is knowledge. RIMS Cyber Survey offers the global risk management community valuable insight, showing how organisations are trying to stay ahead of this top concern.”
The survey features input from 284 of RIMS’ professional members in the US. The majority of the survey respondents represented organisations with excess of US$1bn in revenue (58%), from a wide range of industries.
The full is survey is available to both RIMS members and non-members in RIMS Risk Knowledge library: www.RIMS.org/Riskknowledge.