Security News > 2021 > November > While businesses are ramping up their risk mitigation efforts, they could be doing more

Zurich North America and Advisen have released a survey of corporate risk managers and insurance buyers revealing current views about information security and cyber risk management.

The survey results indicate that risk professionals are increasingly aware of their intensifying cyber risks and the need to manage them using risk mitigation and risk transfer.

"At Zurich, we have been advocating for increased cyber resilience among businesses for years so seeing a continued increase in take up rate and strengthening risk mitigation efforts is very encouraging," said Michelle Chia, Head of Professional Liability and Cyber for Zurich North America.

The survey results reveal gaps in risk mitigation efforts among respondents especially related to risk monitoring, employee training and vendor risk assessment efforts.

Risk monitoring: Most risk managers taking the survey are not monitoring cyber threats to their organizations frequently enough.

Vendor risk assessment: At 52 percent, barely half of the survey respondents say vendor risk assessment is a part of their risk mitigation plans.

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