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Allianz Risk Barometer Cites “Cyber Risk” as Most Important Business Risk Globally

The Allianz Risk Barometer identified cyber incidents as the leading global risk for the fourth consecutive year, fuelled by increasing reliance on technology and the rapid development of AI. Ransomware accounted for 58% of large cyber insurance claims in the first half of 2024. Negative impacts of AI include facilitating criminal disruption and spreading misinformation, yet AI can also help to mitigate cybersecurity risk. Balancing the pros and cons of AI implementation is a key challenge.

Source: www.cybersecurity-insiders.com –

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