According to data gathered by PreciseSecurity.com, nearly 40% of companies feel threatened by cyber incidents and find it the most concerning business risk in 2020.
The recent figures confirm that the global concern about cybercrime, IT failure and data breach has increased 2% over the last year. Business interruption is the second most important risk in 2020 with 37% of companies worrying about this kind of uncertainty, revealed the Allianz Risk Barometer.
Changes in legislation and regulation, like trade wars and tariffs, economic sanctions, Brexit and Euro-zone disintegration, ranked third on the list, followed by natural catastrophes and market development.
The survey revealed that businesses all over the world recognise cybercrime as a more significant problem than loss of reputation, macroeconomic developments, political risks, or shortage of skilled workforce.