(Bloomberg) – The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries.
The number one issue for executives working in business continuity and resilience is the threat from hackers, with 88 percent of companies included in the survey saying they are "extremely concerned" or "concerned" at the risk.
|Political upheaval among top 10 threats
For the first time, political upheaval ranked among the top 10 threats, following the U.K.'s vote to leave the European Union and the election of Donald Trump in the U.S., according to the report by the Business Continuity Institute and British Standards Institution.
"Cyber-attacks and data breaches continue to cost organizations billions of dollars annually, a sum that is only likely to go up with the increasing integration of new pieces of technology into daily operations," BCI Executive Director David Thorp said in the foreword to the report. "Politics too has been a dominant topic this year, certainly more than in the recent past."
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