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Cyber ​​incidents are the biggest threat to companies: Allianz



Cyber ​​incidents were assessed as the greatest risk for companies in 2022, followed by business disruptions and natural disasters, according to the Alliance Risk Barometer 2022 released on Tuesday.

"Ransomware has become a major deal for cybercriminals. We will see more attacks on technology supply chains and critical infrastructure, "said Scott Sayce, global cyber director at Allianz Global Corporate and Specialty SE, in a statement with the report.

the list for only the second time, and regained the top spot after slipping to second place in 2021. Climate change placed in sixth place, its highest ranking ever, rising from ninth last year.

The annual survey by Allianz is based on responses from 2 650 sources in 89 countries and territories, including CEOs, risk managers, brokers and insurance experts, among them Allianz employees and clients.

While cyber challenges topped the list globally, business outages in the US were the main problem, named by 50% of surveyed, with cyber second with a share of 37%, according to report data. Business disruptions also ranked first in the United States' largest trading partner, China, with 36% of respondents.

The two dangers changed places around the world. In France and Germany, business interruptions were first followed by cyber. In India and Italy, cyber was first, followed by pandemic outages and business outages, respectively.

Business outages are likely to remain the most important underlying risk theme in 2022 ", according to AGCS Allianz Global Corporate and Specialty CEO Joachim Mueller." For most companies, it is greatest fear of not being able to produce their products or deliver their services, "he said in the statement with the report. This year, he added," promises a gradual relief of the situation even if further covid-1

9-related problems can not be ruled out. "[19659002] The pandemic outbreak dropped to fourth in 2022 from second in 2021, but the report notes that "Omicron is a reminder that covid-19 remains an unpredictable threat, with potentially long-term and far-reaching consequences", as evidenced by the shortage of skilled labor entering the top 10 the risks of number nine, "with staff absenteeism and staff shortages expected to cease operations again in 2022," the report said.

natural disasters and climate change rose to third and sixth place, respectively, is "telling", the report said, "with the two upward trends closely related."

While respondents in the Risk Barometer are most concerned about climate change-related weather events causing corporate property damage on the supply chain, they are also concerned about managing the transition of their companies to a low-carbon economy, meeting complex regulatory and reporting requirements and avoiding potential litigation in order not to take action to address climate change.


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