2022 Travelers Risk Index: Cyber
In the ninth installment of the Travelers Risk Index survey, over 1,200 business leaders said they believe the business world is riskier than it was a year ago. Cyber, however, was still the single biggest business concern. Notably, 57% of business leaders think it is inevitable that, at some point in the future, their company/organization will be the victim of a cyber attack. Additionally, 80% of business leaders reported difficulty keeping up with the evolving cyber landscape, including the latest information and developments.
Despite increased worry about broad economic uncertainty, fluctuations in oil/energy costs, supply chain risks and the ability to attract and retain talent, cyber risks remained the number one overall business concern.
[MUSIC PLAYING]
(DESCRIPTION) The Travelers logo with red umbrella. Text, 2022 Travelers Risk Index
(TEXT)
We asked 1,200 business leaders: What is your biggest concern?
(DESCRIPTION)
Animation. The screen has multiple choices scrolling quickly.
(TEXT)
Cyber Risks are the #1 overall concern.
(TEXT)
Top 3 Cyber Concerns?
(DESCRIPTION)
Animation. The screen displays three answers on a tiered podium with an animated laptop icon, lock icon and hacker icon.
(TEXT)
1 Security Breach, 2 System Glitch, 3 Ransomware Victim
(DESCRIPTION)
Animation. City scape at bottom of screen with text above
(TEXT)
Over 25% of businesses have been a cyber victim
(DESCRIPTION)
Animation. Cityscape reduces to show a quarter of the image representing 25%.
(TEXT)
Half of those in the past year
(DESCRIPTION)
Animation. Laptop opens.
(TEXT)
71% of affected businesses are victims of multiple attacks.
(DESCRIPTION)
Animation. Laptop with skull on screen comes into view and multiplies to show four on screen
(DESCRIPTION)
Animation. Hacker icon appears with quote morphs over it.
(TEXT)
“These events are not random. Cyber attacks target vulnerable companies. Tim Francis, Travelers Enterprise Cyber Lead”
(DESCRIPTION)
Animation. Moving red line begins to form an outline of a shield.
(TEXT)
Most businesses believe they are prepared for a cyber event.
(TEXT)
Yet most do not:
(DESCRIPTION)
Animation. Moving red line continues to form an outline of a shield. Icon of a protection shied on a server appears.
(TEXT)
Use Endpoint Detection and Response
(DESCRIPTION)
Animation. Moving red line continues to form an outline of a shield. Icon of a clipboard and warning icon appears.
(TEXT)
Have an Incident Response Plan
(DESCRIPTION)
Animation. Moving red line continues to form an outline of a shield. Icon of a computer with cell phone next to it appears.
(TEXT)
Use Multifactor Authentication
(TEXT)
Cyber attacks can have costly and serious consequences.
(TEXT)
Help protect your company against these risks.
(DESCRIPTION)
The Travelers logo with red umbrella. Text, Learn more travelers.com/cyber
Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183. This material does not amend, or otherwise affect, the provisions of any insurance policy issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions, and any applicable law.
The Travelers Risk Index provides an annual snapshot of risk viewpoints from companies of various sizes (small, medium, large) and industries, including transportation, healthcare, construction, banking and financial services, real estate, manufacturing, technology, professional services, wholesalers, retail and nonprofits.
