Cybersecurity Tops List of Business Concerns

For the first time ever, cyber incidents were ranked as the top business risk globally in the 9th annual Allianz Risk Barometer. In a survey of more than 2,700 risk management experts, cybersecurity outweighed all other concerns with 39 percent of respondents ranking it as the most important risk this year, compared to just 6 percent seven years ago when the cyber threat ranked only 15th. Awareness of cyber threats has grown rapidly in recent years.

Similarly, PwC’s 23rd Annual Global CEO Survey found that CEOs in North America regard cyber incidents as the top threat to their businesses.

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