Please do not leave this page until complete. This can take a few moments.
Nearly 60% of businesses rated cyber threats as their most pressing concern, according to this year's Travelers Risk Index, putting cyber crimes back at the top of C-suite worries after falling to second place last year.
A total of 59% of 1,200 business leaders who responded to the property-casualty insurer's annual survey ranked cybersecurity issues as their No. 1 concern. Last year, just months into the COVID-19 pandemic, businesses ranked "broad economic uncertainty" at the top of their concerns. However, cyber issues were businesses' top concern in 2019, and business leaders ranked it as a top concern in previous years as well.
The survey also showed the continuation of another trend: businesses not taking measures to prevent cyber hacking, despite saying they worry about the issue.
“Only 61% of participants reported feeling extremely or very confident in their company’s cyber practices," Travelers said of the data collected. "In addition, less than half of survey respondents have adopted basic preventive measures available to companies."
Other top concerns respondents noted were medical cost inflation (53% of respondents) and increasing employee benefit costs (also 53% of respondents).
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.Learn more
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.Subscribe
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!Read Here
In order to use this feature, we need some information from you. You can also login or register for a free account.