The latest edition of the Travelers Risk Index shows that cyber threats are now the top concern for businesses leaders, regardless of company size. 55% of all survey respondents said they were somewhat or very worried about cyber risk, which was higher than for any other type of risk.
Companies are responding to the growing cyber threat in various ways, including updating their password policies (74%), buying dedicated cyber insurance (51%), developing a business continuity plan (47%) and by performing cyber risk assessments for themselves (49%) and their vendors (41%).
Read more: Cyber risks are the top concern among businesses of all sizes