In terms of the 10 most critical threats to doing business in the US and Canada, cyberattacks and data fraud or theft are the two biggest, a survey found.
And on a global level, cyberattacks hold the No. 2 spot after fiscal crises, according to the study, produced by the World Economic Forum (WEF) in partnership with Marsh & McLennan and Zurich.
In Latin America, other risks top the table – largely related to governance and social instability – but awareness of the threat posed by cybercriminals is growing.
Insurer Chubb has witnessed an increase in enquiries in the region, not just from within the financial services sector – which experienced several high-profile incidents over the past few years – but increasingly from other industries.
According to regional experts from cybersecurity firm Kaspersky, 2020 will see a resurgence in attacks such as targeted ransomware and those focused on supply chains.
“In 2019 we confirmed that cybersecurity is indispensable, especially in corporate environments, because this year there were several significant data leaks, attacks on companies, vulnerabilities in instant messaging applications, and critical entity…
