Majority Of Risk Professionals Considering Cyber Coverage Within Two Years

Three-quarters (74%) of risk professionals in the United States without cyber insurance are considering purchasing it within two years, according to the first RIMS Cyber Survey 2015, released on Monday. The survey from RIMS, the risk management society, features input from 284 of RIMS’ professional members in the U.S., with more than half of respondents representing a wide range of organizations with excess of US$1 billion in revenue (58%). The survey explored strategies implemented by risk professionals, including insurance investments, exposures, cyber security ownership, government involvement, as well as identification methods and response procedures.