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New Survey: Executives Worry More About Cyber Threats Than Physical Threats

A survey issued by the American International Group Inc. surveying executives throughout the United States and Canada, asking them what danger they were more afraid of, a cyber security threat or a physical threat.

New Survey:  Executives Worry About Cyber Threats Than Physical Threats

The results of the survey showed just how digital the world we live in is. About 85% of the executives who took part in the survey stated that they worry and fear a cyber attack more than a properly attack.

There are now insurance companies that are actually offering add-ons to company insurance that would cover the company in the event of a cyber attack. The survey blatantly shows us that we are living in a digital world that is becoming a reality more and more each day.

A survey was done with David Derigiotis, the assistant vice president at a wholesale insurance brokerage, Burns & Wilcox. Derigiotis stated that the brokers at his firm have been selling double-digit sale increases in cyber-risk coverage over the past year.

With all the cyber events appearing in the news, firms are seeing the damage that a cyber attack can result in, and this immediately pushes them to find out how they can protect themselves against such an event.

Is your firm’s security up to date and secure? Why not have us come in and assess your current cyber security system. To find out more information on how you can get a security assessment, click here.

Don’t forget to follow us on Twitter at @JenningsSmith.

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