Eric Naki
Political Editor
4 minute read
20 Jan 2020
6:03 am

Cyber risks are now the top worry for SA firms

Eric Naki

This was revealed in the latest business risk survey conducted by leading global corporate insurance carrier Allianz Global Corporate & Specialty.

Picture: Shutterstock

As companies’ reliance on data and IT system grows, South African firms are becoming more alert about the cyber risks they face, and this prompted many to list cyber incidents as the most important business risk in the country. This has been revealed in the latest business risk survey conducted by leading global corporate insurance carrier Allianz Global Corporate & Specialty (AGCS). AGCS, a key business unit of Allianz Group, said 46% of responses received as part of its survey ranked cyber incidents the top business risk in the country. The Allianz survey was launched in the country in 2016....