For three years running, cybersecurity has remained the top threat to businesses across multiple categories, including infrastructure, geopolitical and emerging risks. That’s according to the 11th Annual Survey of Emerging Risks, conducted by the Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuaries’ Joint Risk Management Section.
More than 200 risk managers, primarily based in North America, participated in the anonymous online survey, which revealed a key finding: Cyber continues to be a top current and emerging concern for 53% of respondents, followed by terrorism and technology.
Technology, the number three on the respondent’s top five list, saw a 3% increase in 2017. As innovation continues to change the threat landscape, technology risks continue to move up the rankings.
Cybersecurity in the interconnectedness of infrastructure ranked the number one emerging risk, while financial volatility fell out of the list of top five concerns. Cybersecurity risks around connected infrastructure have ranked as the top emerging risk since 2014, with financial volatility ranking second place, but for the first time the emerging threat of…
