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The report revealed that, for the first time since 2021, concern over cyber risk has increased, with 29% of global executives identifying it as their top threat, up from 26% in 2024.<\/p>\nWhile more global executives cite cyber risk as their greatest threat this year compared to 2024, 83% say they feel prepared to counter it\u2014up from 74% last year\u2014potentially indicating a false sense of security, as many organisations still lack the sustained vigilance needed for true resilience, according to Beazley\u2019s latest Risk & Resilience report.<\/p>\n
The report revealed that, for the first time since 2021, concern over cyber risk has increased, with 29% of global executives identifying it as their top threat, up from 26% in 2024.<\/p>\n
Despite the growing awareness of cyber risk, executives report feeling more prepared to handle cyber threats, with 83% believing they can counter them\u2014up from 74% last year. Beazley suggests this may reflect a false sense of security in an increasingly dynamic and unpredictable risk environment.<\/p>\n
However, most executives (79%) are looking to improve their cyber security through third-party suppliers this year, and 37% intend to invest directly in cyber security.<\/p>\n
The report also highlighted the transformative potential of AI, with 79% of surveyed executives agreeing it will positively impact their business\u2019s economic prospects this year, while 66% believe AI will replace jobs within their company over the next 18 months.<\/p>\n
At the same time, concern is growing around intellectual property (IP), data privacy risks, and new regulations, while worries about tech obsolescence have declined slightly\u2014from 27% in 2024 to 25% this year.<\/p>\n Beazley also pointed to the widening spectrum of cyber threats facing businesses, including cyber warfare and third-party risks, as increasingly interconnected ecosystems create new vulnerabilities. Ransomware remains a major concern, now amplified by AI to increase its speed and impact. Hacktivism is also on the rise, with activists targeting systems to disrupt operations and damage reputations, posing a threat to firms caught in the crosshairs of ideological divides.<\/p>\n Alessandro Lezzi, Group Head of Cyber Risk, Beazley said, \u201cThe contradiction between cyber threat concern and perceived resilience does not reflect the reality of today\u2019s cyber and tech threat landscape, which is more dynamic and unpredictable than ever.<\/p>\n \u201cBut it\u2019s encouraging to see that 79% of firms are looking to improve their cyber security with third party suppliers, and 37% are planning to invest in improved cyber security this year. This investment is needed, as organisations face a \u2018whack-a-mole\u2019 range of risks that they must continuously navigate.\u201d<\/p>\n The post Global executives overestimate their cyber resilience: Beazley<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" While more global executives cite cyber risk as their greatest threat this year compared to 2024, 83% say they feel prepared to counter it\u2014up from 74% last year\u2014potentially indicating a false sense of security, as many organisations still lack the sustained vigilance needed for true resilience, according to Beazley\u2019s latest Risk & Resilience report. The […]<\/p>\n","protected":false},"author":1,"featured_media":823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts\/821"}],"collection":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/comments?post=821"}],"version-history":[{"count":3,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts\/821\/revisions"}],"predecessor-version":[{"id":825,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/posts\/821\/revisions\/825"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/media\/823"}],"wp:attachment":[{"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/media?parent=821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/categories?post=821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.championbusinesswithjorge.com\/index.php\/wp-json\/wp\/v2\/tags?post=821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Register](\"http:\/\/www.championbusinesswithjorge.com\/wp-content\/uploads\/2025\/06\/artemis-london-2025-banner-eb1.jpg\")
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