The potential impact of cyber attacks on the economy of the world’s largest cities has risen by nearly nine per cent in the last year, according to the 2019 update of the Global Risk Index from the Centre for Risk Studies at Cambridge Judge Business School. Cyber risk has now risen from seventh to sixth place among global threats in the index.
The research is unique in making an annual quantification of the potential GDP impact of unpredictable shocks on the world’s most prominent cities. The 2019 update to the Global Risk Index sees a uniform rise in GDP@Risk across all the 279 world cities that make up the index and more significant increases in risk for some urban centres.
Read more about the findings of the Global Risk Index on BusinessWeekly.