Executives & Cyber Security — Different Survey, Same Worries

Beazley just released the results of its annual report of executives and technology and cyber threats. The PLC’s Spotlight on Tech Transformation & Cyber Risk 2025 report says 31% of executives in the U.S. think cyber risk is the greatest threat they face.

That’s up from 22% in 2024.

As a result, a large number of them — 82% — are working to improve their cybersecurity by using third-party suppliers. And this year, 42% plan to invest more in cybersecurity.

But are those executives confident of their ability to thwart an attack? Of the surveyed executives, 81% say they are prepared. That’s up from 73% last year. Beazley finds that thinking to be a “false sense of security.”

One of the great dangers when it comes to cybersecurity is AI, however, 79% of the executives polled find AI to be a positive for their business prospects this year.

Source link: Business Insurance — https://bit.ly/3TuecCE