2021 TRAVELERS RISK INDEX

Understanding Cyber Risks

Man sitting at a table in an office building, using an iPad.

Man sitting at a table in an office building, using an iPad.

In 2021, the Travelers Risk Index, an annual national survey of approximately 1,200 business leaders, found that cyber risks are the No. 1 concern among all businesses.

Business leaders are concerned about security breaches, system glitches and unauthorized access to confidential information. Nearly half of the respondents indicated that their company suffered a security breach – an increase of 40% in just one year.

Despite the heightened concerns and increased threats, many businesses remain unprepared and have not even implemented basic prevention measures, such as:

Using multifactor authentication for remote access.
Having a written business continuity plan.
Having a cyber assessment for vendors’ or customers’ assets.
Using endpoint detection and response.
Having a post-breach team on retainer as part of an incident response plan.

Click here to see an infographic that summarizes the key findings from the 2021 Travelers Risk Index.

Related Resources

Travelers Institute Webinar: Cybersecurity Playbook: Creating Your Checklist
Travelers Institute Webinar: The Fight Against Cyber Crime – from Prevention to Prosecution
Travelers Institute Webinar: Cybersecurity During the Pandemic
Travelers Institute Webinar: Return to Work with Cybersecurity

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