Executives view cyber risk threat increasing: Beazley

Almost a third of executives in the U.S., 31%, cited cyber risk as their greatest threat, up from 22%, or just over a fifth, in 2024, according to Beazley PLC’s Spotlight on Tech Transformation & Cyber Risk 2025 report, released Friday.

The vast majority of executives, 82%, are seeking to improve their cybersecurity with third-party suppliers this year while 42% plan to invest in cyber security this year.

Despite the rising threat and intention to improve cybersecurity, fully 81% of the executives believe they are prepared to counter the risks, up from 73% in 2024. This could indicate “a false sense of security,” Beazley said.

Meanwhile, 79% of these executives agreed that AI will have a positive impact on their business’ economic prospects this year.

Globally, 29% of executives named cyber risk as their greatest threat, up from 26% in 2024, while 25% ranked tech obsolescence risk as their top cyber and tech threat this year, down from 27% in 2024.

Among the global executives, 79% are planning to improve their cybersecurity with third-party suppliers following high-profile systemic cyber incidents, and 37% plan to invest in improved cyber security this year, up from 24% in 2024.