Source: Security Now
16 Nov 2018

While issues of unemployment and the stability of nation-states usually dominate business headlines, several of the world’s most dynamic economic regions are increasingly viewing cyber attacks, and the fallout that follows an attack, as the greatest risk enterprises face today.

In a report released this week, the World Economic Forum (WEF) asked 12,000 businesses executives in 140 different countries about the risks their firms face day-to-day. Although unemployment and underemployment took the top spot, enterprises are increasingly concerned about cyber attacks. (See Data Breach Can Affect Company’s Long-Term Stock Price.)

In fact, businesses in Europe, North America and East Asia rank cyber attacks as the greatest risk to growth and stability. Overall, cyber attacks rank fifth when all global regions are considered. In 2017, by comparison, cyber attacks ranked eight on the WEF’s business risk list.

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