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The HISCOX Cyber Readiness Report

Our fifth annual Hiscox Cyber Readiness Report reveals how the cyber security landscape has changed. It also highlights how organisations have fared through the Covid-19 pandemic and maps out a useful blueprint for cyber readiness best practice.

According to the latest Hiscox Cyber Readiness report, businesses are devoting more resources to the cyber challenge than ever before. This comes as the scale of the problem continues to both change and grow.

More firms were targeted by criminals in 2020 than in 2019, and those who needed to defend their business often did so several times. In fact, the survey found that 28% of the businesses that suffered attacks were targeted on more than five occasions in 2020.

This trend, which saw some businesses facing multiple ransomware attacks, comes alongside new challenges posed by the Covid-19 pandemic.

The Cyber Readiness Report provides a unique gauge on the state of commercial cyber security across eight markets – the UK, the US, Spain, the Netherlands, Germany, France, Belgium and Ireland.

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