CYBER BEST PRACTICE: Hiscox publishes latest Hiscox Cyber Readiness Report 2022
Posted By Iain Fraser - Cybersecurity Journalist, Gibraltar via Cyber PRWire
For the sixth year running, renowned specialist insurer Hiscox have produced their Cyber Readiness Report and tactical overview of the cyber readiness of businesses, which provides a blueprint or best practice protocols to increase readiness and counter the ever growing threat both in terms of volume and sophistication.
The report drills down on a representative user group of 5,181 companies across eight countries then further categorised by size and sector. This overview reflects the direct experiences of those currently addressing through necessity, the ever evolving battle against cyber crime.
"There are signs that firms are responding more decisively to the cyber challenge"
Gareth Wharton - Cyber CEO, Hiscox
The report highlights the frequency of cyber attacks increased by 12% year-on-year – with 48% of businesses saying they suffered a cyber attack in the past 12 months, compared to 43% in the prior year.
Unsurprisingly over 87% of businesses across the world see cyber as the number one threat to their financial health, and view it as more of a threat than an economic downturn and skill shortages.
Introducing the Cyber Readiness Report, Gareth Wharton, Hiscox Cyber CEO, has said that “Remote working is not going away, and has impacted the volume of cyber attacks as cyber criminals gain access via cloud servers, so it is vital that businesses take the necessary steps to protect themselves against the complexity and speed of cyber attacks. In particular, the success cyber criminals continue to have in breaching systems via the use of phishing emails means one of the most effective defences a business can have is continuing to raise staff awareness of the risks.” Learn More /...Read the full report here
What's your cyber readiness score?
HISCOX invite you to complete their cyber maturity assessment to help you understand your company's cyber security strengths and weaknesses. In the Hiscox Cyber Readiness Report 2021, we introduced a maturity model to assess maturity across six areas of cyber security (domains) within a specific function - people, process, or technology. Our model leverages the COBIT® measurement framework and SABSA® security architecture. Learn More/ ...
