Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the latest Allianz Risk Barometer.
The closely interlinked peril of business interruption ranks second. Natural catastrophes (up from #6 to #3 year-on-year), fires and explosion (up from #9 to #6), and political risks and violence (up from #10 to #8) are the biggest risers.
The top global business risks are based on the insights of more than 3,000 risk management professionals worldwide.
Allianz Commercial CEO Petros Papanikolaou comments on the findings: “The top risks and major risers in this year’s Allianz Risk Barometer reflect the big issues facing companies around the world right now – digitalisation, climate change and an uncertain geopolitical environment.
Trends driving cyber activity in 2024
Cyber incident ranks as the most important risk globally for the third year in a row – for the first time by a clear margin.
It is the top peril in 17 countries, including Australia, France, Germany, India, Japan, the UK, and the USA.
A data breach is seen as the most concerning cyber threat for Allianz Risk Barometer…
