Cyber incidents as top risk in Switzerland
The annual barometer of the insurance company Allianz points to a particular trend in the area of security threats in 2022: According to this, cyber incidents are likely to be among the top risks of the year worldwide and also in Switzerland in 2022.
According to the eleventh barometer of the insurance company "Allianz", most dangers are still lurking on the Internet in 2022 worldwide and in Switzerland. Particular threats include ransomware attacks in particular. Data breaches and IT failures worry companies even more than business and supply chain disruptions, natural disasters or the Covid 19 pandemic, according to Allianz.
More cyber disruptions
Cyber incidents were cited (globally) by 44 percent of respondents. Business interruptions were close behind with 42 percent of mentions. Natural disasters were rated as the third most significant risk by 25 percent of respondents. The importance of climate change has now fallen from ninth to sixth place, but it is still rated as lower than the threat situation in the cyber environment.
Business continuity management more in demand than ever
The survey results for Switzerland even show a significantly higher weighting of the cyber threat situation at the top. In this country, 61 percent of the companies surveyed describe cyber incidents as a risk. Business interruptions follow at 57 percent. Although the Covid 19 pandemic continues to overshadow the economic outlook in many industries, many companies believe they are well prepared, Allianz writes.
Improving business continuity management is considered the most important measure that companies should take in view of future waves.
For most companies, the greatest fear is not being able to manufacture their products or provide their services due to a data loss. In 2021, disruptions occurred on an unprecedented scale, the study continues.
Devastating consequences occurred due to a wide variety of crippling cyberattacks, which had an impact on supply chains and pandemic-related production problems, for example. The current year promises only a gradual easing of the situation, according to the insurance company.
Source: Allianz Suisse
