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CYBER SECURITY
INSIGHTS REPORT
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DEALING IN
UNCERTAINTY
2022
The S-RM Cyber Security Insights Report 2022 reveals the challenges faced by C-suite professionals and senior IT leaders across three main areas of cyber security – budgets, incidents and insurance.
This year’s report follows on from our 2021 edition, enabling us to draw out valuable trends from the past 12 months in global corporate cyber security. We again surveyed 600 C-suite and IT budget holders from organisations with a revenue over USD 500m. We analysed the year-on-year changes in the incidents experienced by large organisations and their approaches to spending on cyber security. This year, we also asked survey participants about cyber insurance. In the context of a well-publicised hard market, is cyber insurance still worth the cost?
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42.1%This year we also provide practical advice within our annual cyber insights report.
Through our experience in responding to cyber incidents, alongside our work with insurance underwriters, we are able to share steps that businesses can take today to minimise the impact of a cyber incident tomorrow, plus tips on how they can respond to the demands of the hard insurance market.
Increase in cyber insurance premium since last renewal
Year-on-year growth in cyber budgets
5.2%15%INSURANCE
INCIDENTS
BUDGETS
At a glance
Increase in serious cyber incidents within the past three years
Serious cyber incidents are rising
Budgets have increased, but not enough
Insurance is critical, but the market is challenging