As the cyber industry continues to evolve, it becomes increasingly difficult for organisations to stay ahead of the curve, making the ever-changing threat landscape a major concern for many businesses, according to the 2018 Travelers Risk Index published by The Travelers Indemnity Company.
Evolving threats and new digital developments make cyber a top concern for large technology, banking and professional services businesses, second only to the inflation of medical costs, the study found.
Given these concerns, it’s not surprising that 52% of survey respondents believe that suffering a cyber-attack is inevitable; however, the fact that a majority of those surveyed reported not taking adequate steps to protect the business raises alarm.
By Kacy Zurkus
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