“Cyber is one of the biggest risks organisations face, it’s one of the most destructive and disruptive situations that organisations face. We are so utterly dependent on IT and we’re not just talking about laptops on people’s desks and mobile phones we’re talking building management systems, we’re talking about industrial systems, we’re talking about warehousing, transportation.”
Research from our UK Business Risk Report indicates awareness of the threats posed by cybercriminals has grown by 35% year-on-year — with around a quarter of businesses (23%) now seeing cybersecurity as a key external threat, compared with 17% just a year ago.
With this is mind, we sat down with Eric Alter, Risk Management Leader, Marsh, to discuss the cyber risk landscape and how UK businesses can combat cybercriminal activity. In this exclusive interview, Eric explores:
- Why cybersecurity is a key threat.
- What the biggest cyber threats to UK businesses are.
- The current state of the cyber insurance market.
- How businesses can manage cyber insurance investment in the current economic climate.
- How businesses can remain educated on cyber risk.
Watch the interview below, and be sure to visit our UK Risk Hub for tools, assessments and expert insights to help you combat data protection concerns and cybercriminal activity.
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Cybersecurity was highlighted as a key risk in our UK Business Risk Report, which features findings from 1,700+ businesses. Our report brings together insight, expert commentary, and guidance on how to turn today’s challenges into tomorrow’s opportunities.