The threat of a cyber attack has been identified as the “most dangerous” risk by UK business leaders.
This is according to a new study “Regional Risks for Doing Business 2018” by the World Economic Forum (WEF) which looked at perspectives on the impact of risk regionally in the private sector.
Cyber attacks were also perceived as the main trading risk for 19 other countries including Germany, Switzerland, Singapore, Japan and the US.
Last year, fiscal crisis was a top concern and cyber risk held third position.
Top risks 2018
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Top risks 2017
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|
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1.
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Cyber attacks
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Fiscal crisis
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|
2.
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Failure of national governance
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Asset bubble
|
|
3.
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Asset bubble
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Cyber attacks
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|
4.
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Fiscal crisis
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Failure of financial mechanisms or institution
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Joint 5.
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Failure of mechanical mechanisms or institution
Terrorist attacks
Failure of urban planning
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Terrorist attack
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The study saw 12,500 executives worldwide select what they believed to be of the five global risks of the “most concern” for business in their country over the next decade, out of a list of 30 including illicit trade, extreme weather events and terrorist…
