For the third time in four years, cyber threats are the top overall concern for business decision-makers, according to a new study released by The Travelers Companies. According to the 2022 Travelers Risk Index, more of the survey’s 1,200 participants felt that today’s business environment is riskier than a year ago, and 57% think a future cyber attack on their organisation is inevitable.
While cyber threats were once again the leading concern of business decision-makers, other issues were close behind – a change from 2021, when cyber threats held the top spot by six percentage points. This year, 59% of survey respondents said they worried some or a great deal about cyber threats, followed by broad economic uncertainty (57%), fluctuations in oil and energy costs (56%), the ability to attract and retain talent (56%), and medical cost inflation (55%). Large increases were seen in concerns about oil and energy costs (a 16-point jump from last year’s 40%) and supply chain risks (54%, up from 43%).
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