Increasing threat of network risk

Almost 60% of chief risk officers and senior risk managers view network risk as a significant and growing threat to their organisations. Network risk and the threats of data and systems crime are also seen as a significant threat to business reputations. The latest quarterly Corporate Business Barometer, conducted by the Economist Intelligence Unit and sponsored by ACE European Group, surveying 230 global senior risk managers, found that network risk and regulatory risk achieved top ranking in terms of threats facing business. In addition, almost 50% of respondents cited reputational risk as a significant threat.