“If we look at the risk of cyberattacks, for example, it’s something that has really been affected by the large-scale shift to remote working which, in turn, was accelerated by COVID,” Leney told Insurance Business. “As a result, we’ve been having a lot of conversations with clients about how they can stay vigilant about cyber risk and how they can be protected against the costs associated with these types of events.”
“Anecdotally speaking, I’ve found that it’s more likely for SMEs to be targeted by scammers and hackers than our larger clients, though it’s important to remember that no-one’s immune to these attacks,” he added.
Read more: What are the top risks facing Australian businesses today?
Leney wasn’t surprised to see extreme weather events crack the top five perceived risks for Australia, given the wealth of natural disasters that the continent has to deal with. In particular, he pointed towards the WEF’s Global Risks Report 2020, which collected the thoughts of 750 global experts and decision-makers on what the most pressing risks facing the world were. Published in January 2020, the…
