47% of organizations have put off cybersecurity upgrades
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Mario Gogh via Unsplash
According to a recent Sentry report, 47% of business leaders are optimistic their companies will thrive this year; however, a majority (67%) admit they're feeling more stressed compared to last year.
Heading into 2025, 82% of executives at larger companies report higher stress levels, compared to 68% of executives at smaller businesses. Nearly half (47%) of executives cite economic uncertainty as their biggest worry, along with supply chain challenges (44%), rising healthcare costs (41%), labor shortages (38%), and inflation (36%).
Alongside economic and labor factors, 72% expressed concerns about rising litigation and multi-million-dollar verdicts in their industry. Additionally, 90% say their business has been affected by severe weather in the past five years, with nearly two-thirds citing outages that left company, customer, or vendor systems temporarily inoperable.
Nearly all (97%) have put off upgrades recently due to cost pressures or scarce resources — including updates to equipment (48%), cybersecurity systems (47%), or technology (46%). As businesses prepare to do more with less, 81% of executives admit employees are being assigned tasks above their role and training level.
As executives prepare to overcome growing outside threats, many are seeking to lower their risk. 74% of executives aren't completely confident their company's current insurance is adequate — with 42% of executives looking to expand their coverage. Meanwhile, 82% of executives plan to boost investments in worker safety during 2025.
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