Dutch companies are dangling at the bottom in terms of cyber readiness. Only 1 in 8 companies can call themselves an expert in this field, which corresponds to 12%, according to the Hiscox Cyber Readiness Report 2020. In the other countries in the report, it concerns respectively 13% (Spain), 17% (Germany), 18% (UK and France), 19% Belgium and 24% (Ireland and USA).
Although companies in all the countries mentioned have reported far fewer incidents (39% instead of 61%), the damage is many times higher ($ 1.8 billion instead of $ 1.2 billion).
The top 5 sectors in which the most money was lost due to cyber disruptions:
According to the report, the big companies are in the line of fire. More than half of these companies have reported at least one incident. Furthermore, Hiscox sees a growing gap between best-prepared companies and least-prepared companies.