For the second year in a row, business leaders named medical cost inflation, increasing employee benefits costs and cyber risks as their biggest concerns for 2016, according to the results of the "2016 Travelers Risk Index," although those surveyed say they feel the overall business environment is slightly less risky, decreasing from 44 percent to 41 percent.
In addition, despite the concerns over cyber risk, two-thirds of surveyed businesses say they have not implemented basic cyber hacking prevention strategies, such as providing employee data protection education or creating a cyber breach response plan.
Unlike business leaders, more than half (56 percent) of consumers say they feel the world is more risky now than it was a year ago. This continues last year's results, in which 57 percent of consumers thought 2015 was more risky than 2014.
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