Foreword

Peter Foster

Chairman, Global FINEX Cyber and Cyber Risk Solutions

Cyber risk is no longer a distant possibility. It is now a routine test of leadership, cashflow, and governance. Every incident carries financial, operational, and reputational consequences and boards are being judged on their readiness.

This year’s Cyber in Focus report combines two unique vantage points from the Willis Financial, Executive, and Operational Risk Practice (FINEX):

Over 4,650 cyber claims across 90 countries, showing how losses unfold in practice.

Governance insights from our Global Directors & Officers Survey, showing how leaders perceive and prioritize those risks

The contrast is clear: confidence is high, but preparedness often lags. That gap is where losses, fines, and shareholder disputes emerge.

This report is designed to give boards the evidence to test assumptions, prioritize investment, and benchmark resilience. In a market where regulators, investors, and insurers are raising the bar, clarity on exposure and control is now a competitive advantage.

“I hope this report gives you the clarity and evidence you need to challenge assumptions and strengthen your board’s approach to cyber. We look forward to working with you to turn that intent into proven resilience.”