04/19/2021 | Press release | Distributed by Public on 04/18/2021 23:10
Cyber Readiness Report™ 2021
New York, NY - April 19, 2021 - Hiscox®, the international specialist insurer, reveals that US businesses' cyber security spending is on the rise and lead globally when it comes to their cyber expertise, but still have more work to do when it comes to ransomware and phishing emails.
The annual Hiscox Cyber Readiness Report™, which gauges businesses' preparedness to combat cyber incidents and breaches, surveyed over 6,000 professionals responsible for their company's cyber security from the US, UK, Belgium, France, Germany, the Netherlands, Spain and Ireland. Key findings specific to the more than 1,000 US professionals surveyed include:
'The world of work has changed forever. Managing cyber security in one office location has morphed into managing cyber security in huge numbers of workspaces across the country, almost overnight. The pandemic-induced chaos has bred opportunities for cyber criminals, and they've been taking advantage,' said Meghan Hannes, Cyber Product Head for Hiscox in the US. 'US businesses have come a long way when it comes to cyber expertise, but we cannot stand still. Cyber criminals are voracious in adapting and mutating their digital viruses, and continuous education and proactive security serve as our digital face masks.'
About the Study
About the Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.
The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS. In the US, Hiscox small business Insurance is underwritten by Hiscox Insurance Company Inc., a Chicago-based insurance company.
Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.
The content provided above is provided for general informational purposes and is not intended, nor shall it be deemed, to be a solicitation of insurance with regard to any particular or specific person or entity.
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