This year’s edition of the Cyber Readiness Report explores the critical role of robust cyber resilience in mitigating evolving organisational risks and safeguarding reputations. This year’s research reveals that concerns of reputational damage, caused by the loss of sensitive information, is a driving force behind responses to ransomware attacks. Over the past 12 months, the top three reasons organisations paid ransom were: to protect their customer data, to protect their reputation, and to recover their data because they did not have any back-ups.

The Hiscox Cyber Readiness Report 2021 reveals that US firms are a global leader in cyber readiness, with more classified as ’cyber experts,’ (25%) compared to other countries. But there is still work to be done when it when it comes to dealing with ransomware and phishing emails, as US businesses are the most likely to pay a ransom. In this year’s report, we saw a disparity when it came to the level of cyber expertise US businesses have versus the actions they take when an attack actually occurs.

The Hiscox Cyber Readiness Report 2022 reveals that both the frequency and cost of cyber attacks are rising for US businesses, and the pandemic is continuing to have lasting effects on the cyber security landscape. While the US remains a global leader in cyber maturity, they are also most likely to pay a cyber-related ransom. To gauge businesses’ preparedness to combat cyber incidents and breaches, Hiscox surveyed over 5,000 professionals responsible for their company’s cyber security from the US, UK, Belgium, France, Germany, the Netherlands, Spain and Ireland. This includes key findings from over 900 professionals from the US.

The Hiscox Cyber Readiness Report 2023 reveals that small business owners are getting smarter, but so are cyber criminals. Although 63% of small businesses in the US are cyber intermediates and 4% are cyber experts, almost half (41%) experienced at least one cyber-attack during the past year. The report surveyed over 5,000 professionals responsible for their company’s cyber security strategy from the US, UK, France, Germany, Spain, Belgium, Republic of Ireland, and The Netherlands, including more than 500 US small business professionals.

This annual cyber readiness report focusing on the threats and losses as reported via a survey of over 6,000 organizations.

The fourth annual report from Hiscox. This survey based report collected responses from IT managers, executives, and other professionals across multiple sectors and countries. Focuses on assessing the cyber readiness of firms, budget spend, and losses experienced.

This third Hiscox Cyber Readiness Report provides you with an up-to-the-minute picture of the cyber readiness of organisations, as well as a blueprint for best practice in the fight to counter the ever-evolving cyber threat.

The Hiscox Cyber Readiness Report is compiled from a survey of more than 4,100 executives, departmental heads, IT managers and other key professionals in the UK, US, Germany, Spain and The Netherlands. Drawn from a representative sample of organisations by size and sector, these are the people on the front line of the business battle against cyber crime. While all are involved to a greater or lesser extent in their organisation’s cyber security effort, 45% make the final decision on how their business should respond. The report not only provides an up-to-the-minute picture of the cyber readiness of organisations large and small, it also offers a blueprint for best practice in the fight to counter an ever-evolving threat.

An Infographic created to explain what Ransomware is.

A short but informative infographic detailing the impact of cyber attacks on the Healthcare market.