With Covid-19 and the forced change in work practices, cyberattacks and data loss are the top risks facing most enterprises, according to a global survey from global advisory, broking and solutions company Willis Towers Watson and prestigious international law firm Clyde & Co.
Covering the United Kingdom, Europe, Asia Pacific (APAC) and the United States, the survey titled “D&O Liability Survey 2021” identifies the key challenges for top management across the globe to include cyberattacks (with 56 percent of respondents saying the risk was very significant or extremely significant), data loss (49 percent), regulatory risk (46 percent), health and safety hazard (41 percent); and the prospect of employment claims (38 percent).
In the APAC region, 42 percent of respondents stated cyberattacks to be their primary concern. This may be attributable to the sheer rise in publicized data breach events in the region in the last 18 months, combined with the trend of tightening data protection laws. Certain jurisdictions in Asia have become more aligned to the penalties and obligations set out in the general data protection regulation.
