2017 Asia Pacific Cyber Risk Transfer Comparison Report
The 2017 Cyber Risk Transfer Comparison Report, released by the Ponemon Institute, a leading research firm on privacy, data protection and information security, and sponsored by Aon plc (NYSE:AON), found that organisations now believe that their cyber assets are more valuable than plant, property and equipment assets, even though they are spending four times more budget on insurance protecting the latter risks.
Key findings include:
In a significant shift from 2015, companies now value their information assets over their physical assets and estimate that a probable maximum loss to information assets will exceed that of physical assets.
62% of companies expect cyber risk to increase in the next 24 months.
41% of companies experienced a material breach at least once in past two years with an average impact of USD3.3 million.
Only 14% of potential loss to information assets is covered by insurance, as opposed to 57% of potential loss to physical assets.
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