2023 Cyber Resilience Report

This is article 14 of 18 in this Report.

August 17, 2023 / 7 min Read

North America: Investment Leads to Enhanced Cyber Resiliency

North America: Investment Leads to Enhanced Cyber Resiliency

Organizations across North America show improvements in critical areas of cyber resiliency. But there remain opportunities for improvement in key areas such as backup strategy and use of MFA — particularly for small and medium-sized enterprises.

Key Takeaways

  1. The average number of critical cyber resilience controls failed by clients declined in 2022 compared to 2021.
  2. Cyber insurance pricing for all industries is expected to continue to decrease in 2023 following improvements to cyber resiliency, drops in claims frequency and lowered insurer loss ratios.*
  3. While global trends indicate that ransomware attacks are on the rise*, companies and insurers appear to be focused on how AI can change attack patterns and privacy too.

* “Buyer-Friendly Cyber and E&O Market: How to Take Advantage | Aon.” Report. Aon. May 2023.

2023 Cyber Resilience Report

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Cyber Maturity by Region

Companies’ overall cyber maturity can differ per region. Learn more about the gaps, challenges and opportunities, including suggested steps leaders can take to build cyber and business resilience.

Asia-Pacific: Shifting Threat Landscape

For the first time, cyber earns a place in Asia Pacific’s top five list of business risk rankings. Companies report improvement in cyber maturity levels with a focus on governance, data protection and supply chain controls

Learn more
Europe, the Middle East and Africa: Forward Movement Demonstrates Shifting Mindset

EMEA companies focused on improving data security and safeguarding organizational data in 2022, partly driven by the Ukraine-Russia conflict.

Learn more
Latin America: Three Crucial At-Risk Control Areas

Latin American companies' overall cyber maturity is close to those in EMEA and the UK, yet three significant gaps surfaced: third-party management, business resilience and application security.

Learn more
UK: Shifting Threat Landscape

Being aware of a risk does not mean that you’re ready. Overall cyber risk maturity for UK organizations marginally declined between 2020 and 2022 with some security domains faring exceptionally well while others slipped back.

Learn more