About 83% of risk professionals now have standalone cyber insurance, up 3% on last year, according to the latest Risk and Insurance Management Society (RIMS) Cyber Survey.

Most organisations without a standalone cyber policy (84%) have insurance policies that cover cyber liability, while 72% transfer cyber exposures to a third-party.

Topping the list of respondents’ first-party cyber exposures are business interruption (80%) and cyber extortion (72%).

About 34% believe government should mandate cyber-security standards.

While the changes this year are modest, last year’s survey showed more dramatic advances in the ways cyber exposure is managed: a 29% jump in purchases of standalone cyber; a 10% increase in the number of organisations that transferred cyber exposure to a third party.

The survey questioned 288 respondents.

RIMS members have exclusive access to the results over the next two months via the RIMS Risk Knowledge library, after which they will be available to all risk professionals here.