The report, titled ”Excellence in Risk Management India 2020, Spotlight on Resilience: Risk Management During COVID-19”, has been published by global insurance broker Marsh and risk management society RIMS.
While there is great optimism about the ability of organisations to rebound and address future pandemic-related challenges, cyber attacks and data fraud continue to be paramount concerns for risk professionals in India, as per the survey.
Around 63 per cent of the 231 survey respondents — which included C-suite executives and senior risk professionals — identified the continued fallout of COVID-19 among the top three risks facing their organisations.
Cyber attacks (56 per cent), data fraud or theft (36 per cent), failure of critical infrastructure (33 per cent), fiscal crises (31 per cent) and extreme weather events (25 per cent) were highlighted among the other top risks for Indian businesses.
The majority of survey respondents (85 per cent) said the pandemic…
