Trending

Trending

The latest stories and news affecting the wider business environment as interpreted by our infographics team

Geopolitical risk considered high in Asia

Most (95 per cent) of global companies fear loss from geopolitical risk stemming from Asia as worries about “grey zone aggression” grows

71% - State-sponsored cyber attacks

56% - Governments retaliating against private companies in international diplomatic disputes

49% - Increasing use of sanctions that target private companies or individuals

40% - State-sponsored theft of intellectual property

31% - State-directed acquisitions of sensitive technologies, companies or properties

18% - Hybrid warfare, such as using paramilitary forces or weaponising migrants

Source: How are leading companies managing today’s political risks? 2022 survey and report, WTW/Oxford Analytica

Risk management aids resilience

Top risk management priorities over the next 12 months:

78% - Ability to stress-test scenarios

76% - Regulatory compliance

Benefits derived from enterprise risk management:

26% - Increased responsiveness to incidents or risk events

26% - Enabling employees to make faster day-to-day risk-based decisions

24% - Enabling employees to make better day-to-day risk-based decisions

Source: State of enterprise risk management 2022, Forrester

Confidence in key cyber defence skills

Quarter of businesses lack confidence in penetration testing and forensic analysis

Penetration testing : 12% - Very Confident | 21% - Fairly confident | 32% - Not very confident | 26% - Not at all confident | 9% - Don't know

Forensic analysis of breaches : 13% - Very Confident | 22% - Fairly confident | 40% - Not very confident | 23% - Not at all confident

Security architecture or engineering : 18% - Very Confident | 21% - Fairly confident | 32% - Not very confident | 26% - Not at all confident

Threat intelligence : 15% - Very Confident | 38% - Fairly confident | 30% - Not very confident | 14% - Not at all confident

Interpreting malicious code : 21% - Very Confident | 34% - Fairly confident | 26% - Not very confident | 15% - Not at all confident

User monitoring : 24% - Very Confident | 43% - Fairly confident | 18% - Not very confident | 11% - Not at all confident

Estimated number of private sector firms with key skills gaps

355,000 (26%) have a skills gap in forensic analysis

328,000 (24%) businesses have a skills gap in penetration testing

328,000 (24%) have a skills gap in security architecture

246,000 (18%) have a skills gap in threat intelligence

232,000 (17%) have a skills gap in interpreting malicious code

164,000 (12%) have a skills gap in user activity monitoring

Source: Cyber security skills in the UK labour market 2022, UK Department for Digital, Culture, Media and Sport

Reasons for lack of cyber insurance among C-Suite executives

29% - Price for coverage was too high (38% < 1 million USD | 28% 1-200 million USD | 18% 200-1 billion USD | 18% 1-5 billion USD | 17% > 5 billion USD)

25% - Did not know that cyber insurance existed

22% - Did not understand the product

18% - Perceived the scope of the services/coverage as insufficient

Source: Munich Re – Global Cyber Risk and Insurance Survey