For the first time, companies are rating cyberattacks, data leaks
Posted: Sun Feb 02, 2025 6:06 am
Allianz survey on the most important corporate risks among more than 2,700 risk experts from more than 100 countries
• For the first time, cyber incidents are the most important business risk for companies worldwide ; seven years ago, it only ranked 15th in the Allianz Risk Barometer.
• Business interruptions remain the main challenge for companies: second brazil gambling data in the world and still at the top in Germany
Awareness of cyber threats has increased significantly brazil gambling datain recent years, reflecting companies' increasing reliance on data and IT systems and a number of significant breaches.
The risk posed by cyber incidents has become more damaging and costly for businesses – and often leads to lawsuits and litigation after the event.
Data breaches bigger and more expensive
Data breaches are becoming larger and more costly as companies collect and use ever larger amounts of personal data. In particular, so-called mega data breaches (with more than one million records) are becoming more frequent and expensive.
In July 2019, Capital One announced that it had been hit by one of the largest breaches in the banking industry, affecting around 100 million customers. However, this breach is by no means the largest in recent years.
• For the first time, cyber incidents are the most important business risk for companies worldwide ; seven years ago, it only ranked 15th in the Allianz Risk Barometer.
• Business interruptions remain the main challenge for companies: second brazil gambling data in the world and still at the top in Germany
Awareness of cyber threats has increased significantly brazil gambling datain recent years, reflecting companies' increasing reliance on data and IT systems and a number of significant breaches.
The risk posed by cyber incidents has become more damaging and costly for businesses – and often leads to lawsuits and litigation after the event.
Data breaches bigger and more expensive
Data breaches are becoming larger and more costly as companies collect and use ever larger amounts of personal data. In particular, so-called mega data breaches (with more than one million records) are becoming more frequent and expensive.
In July 2019, Capital One announced that it had been hit by one of the largest breaches in the banking industry, affecting around 100 million customers. However, this breach is by no means the largest in recent years.