French mid-sized companies underestimate security risks

According to a survey (in France, in October 2019, among 150 executives of mid-sized companies) conducted by the insurance broker Ifop/Bessé.

Mid-sized companies (short for ETI) are informed and aware of cyber-risk, but their estimate remains ambiguous or less than what should be. It has been noted that these companies are not as spared by the increase in the various cyber threats and by the expansion of the attack areas of hackers. Unfortunately, they still underestimate the risk to them and their activities.

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The insurance broker's investigation clearly shows that more than 55% of middle-sized business leaders surveyed consider cyber threats to be a secondary problem they face. On the other hand, it should be noted that 35% of them after cyber risk as a strategic problem rather than a technical one. And there has been an increase of 45% in companies with an annual turnover of around 200 million euros and a 59% increase for companies with more than 1000 employees.

globally we'll say that 56% of these boxes sees the threat as significant, if not when their business is exposed to a similar danger. In addition, it should be noted that 44% of executives of mid-sized companies sees this as a "moderate" danger in some cases 21% would say "low to an existence".

Regardless of the level of assessment of a threat cybernetics, whether low or high, 89% of the world's mid-size companies says their structure is ready for counter a potential attack, or even very prepared for 32%.

However, if there is a concern to be revealed in this case, what it security and cyber defence policy must vary depending on the pressure from the threat. On a scale of 1 to 10, the majority of estimated that the risk to them was an average of 5,8. However, 3% of its companies plan to recruit professionals in the services dedicated to cybersecurity by half of 2020.

In addition, 61% of institutions may also have the idea that there is insurance to cover the risk of computer hacking for their benefit. However, according to a statement made by the French Insurance Federation, the income that comes from insurance based on cyber risk is very modest in view of what has been collected by insurers. "Premium collection is concentrated at the level of large groups, which are now almost all insured. This is not yet the case for ETIs where some advertise a cyber insurance equipment rate of less than 10%," according to the insurance broker's report. "More aware than yesterday, ETI leaders reacted and integrated the strategic dimension of risk. But it is clear that the awareness-raising effort must be maintained and the investments to be made to protect themselves are still to be increased," explained Pierre Bessé, CEO of the eponymous company.

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