Hiscox Cyber Readiness Report 2019

By Hiscox

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The 2019 Cyber Readiness Report found that just 11% of US businesses could be considered cyber ‘experts’ – far fewer than last year. While the cost associated with the typical cyber incident in the US is lower than it is in other countries, the number of attacks that companies are facing is sobering. The results show an increasingly hostile operating environment for businesses ranging from Main Street’s small businesses to large and enterprise firms. A surprising 61% of firms reported experiencing a cyber incident in the past year, compared to 45% in 2018. Globally, the mean cost for the loss associated with a cyber incident has risen from $229,000 to $369,000.

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