Cyber attacks are the now the biggest threat to business in the eyes of investors, mirroring growing global concern from business leaders, according to a new study by PwC.
In the PwC Global Investor Survey 2018 the views of investors and analysts are compared with those of business leaders. The study found that 41% of investors and analysts are now extremely concerned about cyber threats, seeing it as the largest threat to business, rising to first from fifth place in 2017. A similar amount (40%) of business leaders see it as a top three threat, but business leaders rank over-regulation and terrorism higher in the global study.
To improve trust with consumers, investors believe businesses should prioritize investment in cyber security protection (64% investors; 47% CEOs). Investors rank geopolitical uncertainty (39% extremely concerned), speed of technological change (37%), populism (33%) and protectionism (32%) in the top five threats to growth.
Read more about the findings of the PwC Global Investor Survey 2018 on Security Magazine.