The 2024 Travelers Risk Index reveals that cyber risk has become the top concern for business leaders, with 62% of respondents expressing significant worry. This marks the highest level of concern recorded in six years; yet, nearly 30% of companies still lack cyber insurance. While the percentage of businesses with cyber insurance increased to 65%, a substantial portion still recognizes the necessity of such coverage. Additionally, 24% of respondents reported experiencing a cyber event within the year, underscoring the growing threat posed by cyber incidents.
