Nearly 75% of Organizations in 5 Countries Fail in Cyber Security Readiness: Hiscox

Major shortcomings exist in cyber security readiness for nearly three-quarters (73%) of more than 4,100 organizations in five countries, despite keen awareness of the threat, according to a study commissioned by specialist insurer Hiscox.

Indeed, almost half, or 45 percent, of survey respondents experienced at least one cyber attack in the past year, while two-thirds suffered two or more attacks, said the “Hiscox Cyber Readiness Report 2018,” which surveyed a representative sample of private and public sector organizations in the UK, U.S., Germany, Spain and the Netherlands.

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