Cyber insurance adoption remains a key component of risk management strategies. More than half of respondents, 53%, have cyber insurance policies in place. An additional 18% say they plan to purchase cyber insurance within the next two years, indicating continued recognition of insurance as a risk transfer mechanism.
Cybersecurity risks ranked as the most important aspect of directors’ and officers’ liability insurance coverage among survey participants. This ranking reflects the integration of cyber risk considerations into broader corporate governance and liability frameworks.
The survey encompasses organisations across different revenue brackets, with 33% reporting revenues between $0 and $50m, and another 33% generating revenues between $50m and $1bn. For-profit, private companies account for 56% of respondents, whilst for-profit, listed companies represent 32% of participants.
