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Data security, privacy are still the most important issues in tech: Marsh



Despite the pandemic, data security and privacy are the main problem for technology companies, with COVID-19 related risks ranking eighth among concerns, according to a global survey of communications, media, technology and emerging industry risks conducted by Marsh LLC issued Tuesday.

A total of 72% of the more than 170 respondents cited data security and privacy as their main concern, according to the survey. This was followed by digital business interruptions, identified by 54% as their main concerns, information technology resilience, 53%, conditional business interruptions, 52%, liability for board members and executives, technical errors and omissions and intangible risks, each cited with 47% and pandemic risk, 44%.

A total of 71

% indicated data security and integrity as the risk most expected to grow in complexity, followed by digital business disruptions, 54%, information technology resilience, 50% and pandemic risk, 42%.

COVID-19 has not had a major economic impact on most technology companies, with 33% stating that it has caused a reduction in revenues in the short term or reduced growth, and only 4% consider it an existential threat to

A total of 52% said that the transition to new work environments required by the pandemic had minimal impact, while 40% reported "certain problems" or challenging areas, but said that the business was generally going well.

The survey Yed included a mix of Marsh customers and potential customers, according to a spokeswoman.

More insurance and risk management news about the coronavirus crisis here .

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