Cybersecurity and economic woes are among the top concerns for executives in the UAE and the greater Middle East, according to statistics from the World Economic Forum’s (WEF) Global Risk Report.
According to an executive opinion survey carried out by the WEF in 2017, the top concern for UAE executives moving into 2018 is the potential for a cyberattack, followed by an asset bubble, energy price shock, terrorist attack, deflation risk, or data fraud and theft.
“The increased concern about cyber-attacks is a global issue and not unique to the UAE,” said Steve Lundin, the Middle East and North Africa CEO of insurance brokerage and risk management company Marsh. “During 2017, there were a number of high-profile cyber-attacks that were very well documented…..cyber attacks are also growing in number, ferocity and frequency, and this had led to a heightened awareness of the risks associated with a cyber incident.”
In the greater MENA region, the greatest risks identified by the survey were fiscal crises, energy price shocks, unemployment or underemployment, terrorist attacks, or inter-state conflicts.
“If you compare the risks in the UAE against the…
