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3 Concerns Emerge From Risk Preparedness Report

Ransomware, phishing and social engineering top the list of current risks, according to an Experian report.

By Roy Urrico | Updated on June 09, 2017

Given the evolving security landscape, and the increasing frequency and severity of cyberattacks, many organizations overestimate their cyberpreparedness. As a result, their trusted advisors remain rightfully worried about a range of risks.

In a new survey sponsored by Experian Data Breach Resolution, Advisen surveyed 307 risk managers, insurance brokers and legal experts to better understand what cyber threats had them most concerned. Topping the risk list for 2017: Ransomware (holding the network hostage for extortion), transfer of funds to unauthorized recipient due to phishing or social engineering, and breach of personal or financial information due to phishing or social engineering.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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