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
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 .