Cyber risk is rising as a priority for organizations: 79% of organizations view cyber risk as a top five risk, according to a recent survey of more than 1,500 business leaders across a range of industries and risk-focused roles. Comparatively, in 2017, cyber risk was a top five risk for only 62% of respondents, and only 6% of all respondents ranked it as their No. 1 risk. The authors of the 2019 Global Cyber Risk Perception Survey from Marsh and Microsoft identify “the frequency and severity of high-profile incidents, such as the 2017 NotPetya attack” as a key driver of the uptick.
However, confidence in cyber-resilience measures declined at the same time as awareness of cyber risk increased. “More than 1-in-5 respondents in 2019 said they are not at all confident in their organization’s ability to manage or respond to a cyber-attack,” said the report’s authors.