Chennai: Cyber attacks and data loss are the top risks facing directors and officers, with the pandemic serving to heighten the concerns, according to aĀ global survey from Willis Towers Watson.
The survey, covering UK, Europe, APAC and the US, identifies the key risks for directors across the globe with cyber-attacks (56 per cent of respondents saying the risk was very significant or extremely significant), data loss (49 per cent), regulatory risk (46 per cent), health and safety risk (41 per cent) and the risk of employment claims (38 per cent) making up the top five risks this year.
In APAC, 42 per cent of respondents stated cyber attacks as their top concern. This may be attributable to the stark rise in publicised data breach events in the region in the last 18Ā months, combined with the trend of tightening data protection laws, with certainĀ jurisdictions in Asia becoming more aligned to the penalties and obligations set out inĀ the GDPR.