Cyber Risk Report

Hanover Specialty Research Series

Our survey, conducted with Zogby Analytics, found that businesses understand the message about the significant exposure they have to cyber incidents — and are taking steps to protect themselves. Business decision makers revealed that independent agents have played a significant role in building broad awareness about the importance of cyber protection and, as a result, a majority of business report they:

  • Have cyber insurance
  • Feel confident about their coverage
  • Have taken steps to mitigate cyber risk within their organizations

However, cyberattacks are on the rise.1 As cyberattacks become more frequent and more complex, businesses — even those with some cyber protection in place — face several emerging risks they may not be aware of. As a result, they may lack the protection they need to stay in business.

9 in 10 businesses surveyed

reported experiencing a cyberattack in the last year.