Cybersecurity Tops Business Threats, Urging Stronger Risk Management Strategies
PR Newswire
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Contributed by: Drex DeFord
Summary
A recent Chubb report, based on a Harris Poll of 500 business leaders, identifies cybersecurity and technology disruption as the primary threats to business growth, with 40% of executives highlighting cyber breaches and data leaks as significant risks. Cybersecurity was also recognized as the main geopolitical risk by 60% of respondents, indicating heightened awareness of digital vulnerabilities. While 86% of companies are adopting business interruption coverage for cyberattacks and supply chain issues, many executives feel inadequately prepared to manage these emerging risks. Furthermore, 79% of respondents are integrating artificial intelligence into risk management, although concerns about AI-related issues, such as deepfakes, remain prevalent, impacting over half of the organizations surveyed.
