Allianz: Cyber incidences seen as bigger risk than business interruption, climate change in Asia Pacific

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SINGAPORE (Jan 14): Cyber incidences has toppled business interruption to be ranked the top business risk in Asia Pacific for the first time.

Some 35% of respondents in the Allianz Risk Barometer 2020 study — comprising more than 2,700 CEOs, risk managers, brokers and insurance experts from over 100 countries — named cyber incidences as the key challenge, mirroring a global trend that has seen awareness of the cyber threat growing rapidly in recent years.

This is a stark change from seven years ago, when cyber incidences did not even feature in the...(click on link for full story on