UK and Ireland 2014 Cyber-Risk Survey Report

Despite several high profile breaches, many UK and Ireland companies have not yet fully assessed the exposure.

The cyber threat has become truly pervasive to modern business.

Amid several high-profile attacks, warnings, and advice from governments and insurers, and shareholder and customer anxieties, cyber risk has quickly rose up the corporate risk register of a number of companies across the UK and Ireland.

Nevertheless, survey results displayed in the UK and Ireland 2014 Cyber Risk Survey Report suggest that many boards have yet to engage in the strategic oversight of cyber risks, and that companies in general are lacking in sufficient levels of information with regard to their cyber exposures to be able adequately assess the risk to their business.

An analysis of this year’s survey results offers insight into the impact of this information-shortage on the potential for risk mitigation and transfer of cyber risk.