With these larger companies investing heavily in cybersecurity, hackers are gradually shifting their focus to small- and mid-sized firms. Currently, the real sweet spot is a mid-sized business with weak controls, risk management and cybersecurity in place. That is what cybercriminals like most. (Credit: Sergey Nivens/Shutterstock) With these larger companies investing heavily in cybersecurity, hackers are gradually shifting their focus to small- and mid-sized firms. Currently, the real sweet spot is a mid-sized business with weak controls, risk management and cybersecurity in place. That is what cybercriminals like most. (Credit: Sergey Nivens/Shutterstock)

Given cybercrime incidents are now estimated to cost the world economy in excess of $1 trillion a year — around 1% of global GDP — it is no surprise that cyber risk regularly ranks as a top customer concern in the Allianz Risk Barometer, our annual survey identifying the top business risks around the world (including finishing number one in the 2022 edition).

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