2023 Cyber Resilience Report

This is article 11 of 18 in this Report.

August 18, 2023 / 7 min Read

APAC: Regulators and Companies Respond as Ransomware and Reputation Risks Intensify

APAC: Regulators and Companies Respond as Ransomware and Reputation Risks Intensify

Companies strengthen their overall cyber maturity as the level of cyber risk rises across Asia Pacific.

Key Takeaways

  1. In response to rising risk, overall client cyber maturity improved from “basic” to “managed.”
  2. Regulators respond to recent high-profile breaches, driving corporate governance and risk leaders to fortify their risk oversight.
  3. Global trends indicate that ransomware attacks are on the rise* and insurers respond by demanding more focus on controls that form a critical part of the underwriting process.

* “Buyer-Friendly Cyber and E&O Market: How to Take Advantage | Aon.” Report. Aon. May 2023.

2023 Cyber Resilience Report

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Cyber Maturity by Region

Companies’ overall cyber maturity can differ per region. Learn more about the gaps, challenges and opportunities, including suggested steps leaders can take to build cyber and business resilience.

Europe, the Middle East and Africa: Forward Movement Demonstrates Shifting Mindset

EMEA companies focused on improving data security and safeguarding organizational data in 2022, partly driven by the Ukraine-Russia conflict.

Learn more
Latin America: Three Crucial At-Risk Control Areas

Latin American companies' overall cyber maturity is close to those in EMEA and the UK, yet three significant gaps surfaced: third-party management, business resilience and application security.

Learn more
North America: Cyber Resiliency Improving — But with Room to Grow

Organizations across North America have recorded broad improvements in critical areas of cyber resiliency. However, there are opportunities for improvement in key areas such as backup strategy and MFA — particularly for small and medium-sized companies.

Learn more
UK: Shifting Threat Landscape

Being aware of a risk does not mean that you’re ready. Overall cyber risk maturity for UK organizations marginally declined between 2020 and 2022 with some security domains faring exceptionally well while others slipped back.

Learn more