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The latest stories and news affecting the wider business environment as interpreted by our infographics team
Most businesses have cyber insurance but gaps remain
Number of businesses that have cyber insurance - 86% | Those who say it meets their expectations - 54% | Those who say their coverage has gaps - 61%
Meanwhile:
Respondents with cyber incident response plan - 81% | Yet, those who test those plans regularly - 60%
Source: 12th annual information security and cyber risk management study from Zurich, North America, and Advisen
Global inventory waste tops $64.5 billion
The US and UK are the worst performers as 3.4 per cent of inventory remains unused
US - 4.9% | UK - 3.7% | Japan - 3.5% | France - 3.5% | China - 1.8%
Source: The missing billions, Avery Dennision, 2022
Financial crisis raises stress and anxiety levels
Top concerns for UK citizens:
Maintaining standard of living - 71% | Heating their homes - 66% | Paying household bills - 61% | Affording food - 50%
Impact on mental wellbeing:
Experiencing anxiety - 34% | Experiencing stress - 29% | Feeling hopeless - 10%
Source: Mental Health Foundation research 2022
Institutional investors not joining dots on risk
Investors often fail to spot risk and act on it quickly
Inability act quickly when risks are identified - 41% | Failure to detect early warning signs of risk - 36% | Failure to predict the materialisation of unknown risks "Black Swans" - 36% | Lack of understanding of the interconnection between risks - 29% | Risk management complacency - 28% | Lack of effective risk metrics or assessment process - 28%
Source: 2022 PGIM Global Tail Risk Monitor Survey
