Cyberattacks are now one of the greatest risks for Swiss businesses, according to the Allianz Risk Barometer. Cybercrime costs $600 billion annually and is a major cause of operational disruptions. Learn more about the risks and solutions to protect your business from these growing threats.
Cyberattacks Become One of the Greatest Risks for Swiss Companies
Cyberattacks have become one of the top concerns for Swiss businesses, alongside operational disruptions. According to the latest Allianz Risk Barometer, cybercrime now leads global risk concerns, costing $600 billion annually—three times more than natural disasters. Cyber incidents, including ransomware attacks and IT failures, are increasingly threatening businesses.
Swiss companies, like their global counterparts, are especially worried about cyberattacks. While operational disruptions remain the top concern in Switzerland, cyberattacks follow closely behind. These risks directly impact production and services, with IT failures now being one of the leading causes of operational interruptions. Data theft, cyber extortion, and attacks by state-sponsored hackers are real threats.
The staggering costs of cybercrime highlight the scale of the problem. Businesses must now implement robust cybersecurity strategies to protect themselves against these growing threats. The rise in cyber incidents emphasizes the need for preventive measures to minimize losses from such attacks.
Source : ICTjournal
