Cyber-attacks are the number one business risk in the regions of Europe, North America and East Asia and the Pacific, according to a major new study from the World Economic Forum(WEF).
Its Regional Risks for Doing Business report highlights the opinions of 12,000 executives from across the globe.
While “unemployment or underemployment” and “failure of national governance” take first and second place respectively, cyber threats have moved from eighth in last year’s report to fifth this year.
It tended to be viewed as a greater risk in more advanced economies: 19 countries from Europe and North America plus India, Indonesia, Japan, Singapore and the United Arab Emirates ranked it as number one.
By Phil Muncaster
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