(Bloomberg) – The threat of cyber attacks and politicalinstability resulting from rising populism are among the biggestworries for businesses around the world, according to a study ofcompanies in 79 countries.

The number one issue for executives working in business continuity and resilience is thethreat from hackers, with 88 percent of companies included in thesurvey saying they are "extremely concerned" or "concerned" at therisk.

Political upheaval among top 10 threats

For the first time, political upheaval ranked among the top 10threats, following the U.K.'s vote to leave the European Union andthe election of Donald Trump in the U.S., according to the reportby the Business ContinuityInstitute and British StandardsInstitution.

"Cyber-attacks and data breaches continue to cost organizationsbillions of dollars annually, a sum that is only likely to go upwith the increasing integration of new pieces of technology intodaily operations," BCI Executive Director David Thorp saidin the foreword to the report. "Politics too has been a dominanttopic this year, certainly more than in the recent past."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.