LONDON, July 03, 2025 (GLOBE NEWSWIRE) — Data loss and cyber-attacks were identified as two of the top three risks to directors and officers, according to the latest Cyber Directors’ and Officers’ Survey Report by Willis, a WTW business, (NASDAQ:WTW).
The survey gathered responses from a range of sectors, including the services sector (
Despite growing awareness of cyber-attacks and recent high-profile incidents, the risk ranking for cyber-attacks reduced by
- Frequency of cybersecurity updates: The survey found that the frequency of updates to boards on cyber security shifted. Last year, the survey illustrated that
20% of respondents only updated their board in response to an incident, which has decreased to12% in 2025. The number of respondents who update their board on cyber security monthly increased from18% to28% between 2024-2025 - Sponsorship trends: Respondents indicated an increased involvement from an officer outside of senior leadership, which suggested a need to engage both strategic and technical stakeholders to manage cyber risk most effectively
- Incident response:
80% of respondents indicated that they have put a cyber incident response in place, with more than two thirds indicating that they have completed an incident response exercise in the past 12 months - Preparation:
65% of respondents feel they are well prepared to manage a cyber incident effectively (compared with56% in 2024) - Cyber risk strategy budget: Respondents indicated that cyber security budgets will continue to increase in 2025 but to a lesser extent than 2024 (
56% versus63% respectively) - Cyber insurance: Cybersecurity risks were ranked as the most important aspect of directors’ and officers’ liability insurance coverage. More than half of respondents (
53% ) indicated that they have cyber insurance in place, with a further18% planning to purchase it in the next two years.
Adrian Ruiz, head of FINEX GB Cyber & TMT, WTW, said: “Building a strong cyber security culture that engages all levels of the organisation is critical to managing today’s evolving threats. From investing wisely in training and technology to regularly testing response plans, businesses must take a proactive, strategic approach to cyber risk. The survey highlights the importance of staying informed and adapting in an increasingly complex digital landscape.”
The report can be downloaded here.
About the survey:
The survey provides a global view of the perceptions of risk among directors, officers, and risk managers from countries around the world. Once again, this year’s survey provides insights into the distribution of companies by type, revenue and industry. For-profit, private companies are the most represented, accounting for
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