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Specialist insurer examines the shifting landscape of cyber risk

July 14, 2023

Specialist insurer Beazley has released its latest risk and resilience report, titled Spotlight on: Cyber & Technology Risks 2023.

The report highlights the shifting landscape of global business risks, specifically focusing on cyber and technology risks, including ransomware attacks and threats posed by artificial intelligence.

Despite the escalating economic impact of cybercrime, which is projected to reach US$10.5 trillion by 2025 (a 300% increase since 2015), boardroom attention towards cyber risk appears to be waning, according to Cybersecurity Ventures.

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