Within the enterprise security and risk management community, there’s no debate about the financial impact of business downtime — a single hour of downtime can mean over $100,000 in losses for the overwhelming majority of businesses. But the consequences of downtime aren’t just monetary; they can be reputational as well.
In 2007, Aon’s Global Risk Management Survey identified reputational risk as the top concern for global enterprises. A decade later, in the latest such survey by Aon, “damage to reputation/brand” retained its number one spot among more than 50 other categories of risks.
Health and safety incidents have become the leading financial loss drivers for businesses around the globe, with cumulative losses now outstripping the costs of more high-profile disruptions such as cyber-attacks or IT outages.
Aon’s 2019 Cyber Security Risk Report features eight risks that may impact organizations in the next 12 months, no matter where they are on their digital journey.
Staff shortages have escalated in the last three months to become the top emerging risk organizations face globally, according to Gartner, Inc.’s latest Emerging Risks Survey.
In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union and other countries, cyber risk is now a core concern for businesses in 2019 and beyond.
Data from 2017 included information on around 5.4 million incidents with 6,290,042 criminal offense, of which 61 percent were crimes against property, 23 percent were crimes against persons, and 16 percent were crimes against society (such as animal cruelty).
