According to the Allianz Risk Barometer, cyber incidents (ransomware, data breaches and IT disruptions) are the top global concern of 2024.
In the United States, cyber has replaced business interruption as the leading risk for the year ahead. Natural catastrophes rose to the third spot (up from #5 in 2023). For Canadian companies, business interruption jumped to the top spot (up from #4 in 2023) followed by cyber incidents and natural catastrophes. Large corporates, mid-size and smaller businesses are united by the same risk concerns.