Cyber, business interruption remain top global corporate risks
A report by Allianz Group's corporate insurance unit, Allianz Global Corporate & Specialty, shows cybersecurity risk is a top concern at the most senior levels of corporations worldwide. Read this blog for a dive into findings from the report including top threats, cybercrime costs and factors fueling concerns around data breaches.
What are the top global corporate risks?
The top global corporate risks identified in the Allianz Risk Barometer are cyber incidents and business interruptions, with both concerns highlighted by 34% of respondents in the study.
How much does a data breach cost?
The average cost of a data breach has reached a record of $4.35 million, and it is projected to surpass $5 million this year.
What impact do cyber incidents have on businesses?
Cyber incidents can lead to significant loss of control over customer data and proprietary information, as well as potential reputational harm to the company, affecting not just the business itself but also others in the supply chain.
Cyber, business interruption remain top global corporate risks
published by Hixardt Technologies, Inc.
Hixardt is a professional IT managed cybersecurity service provider, offering cloud managed services, virtualization, compliance, and support desk services. We specialize in email threat intervention, network intrusion protection, backup solutions, disaster recovery options, and compliance services to meet the demanding needs of commercial businesses, non-profit organizations, and state, local and federal government offices.
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