Page 14 - Turkinsurance Digital Magazine

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ment data and the plan provider's fiduci- “The four risks that are How will business conditions that have
ary responsibility. As plans are increas- changed due to the pandemic take
ingly accessed online and from mobile decisively among the top 10 shape in 2022?
devices, this data is becoming increasingly risks in all regions are listed
sensitive to breaches. The results of our survey titled "A New
as follows: Cyber Attacks/ Approach to Change: The Importance of
• Dark web: Cybercrime is getting strong- Data Breaches, Business Making Better Decisions", which was at-
er, fueled by the growth of the cryptocur- tended by 800 senior executives from the
rency ecosystem, the use of browsers like Interruptions, Economic USA, European Union, United Kingdom
TOR, and the increas-ing sophistication Slowdown/Slow Recovery and Canada, also reveal important results
of ransomware groups. The dark web about business conditions in 2022. Ac-
(dark web) is posi-tioned as one of the and Legislation/Law cording to the results, about 90 percent of
centers of the cyber risks in question. It Changes” senior managers predict that business con-
is recom-mended that institutions not op- ditions will be better in 2022. While 8 out
erate in this area without the necessary iness in the last 12 years with an average of every 10 leaders stated that they have a
guidance. risk readiness rate of 53 percent. The growth forecast in 2022, the pro-portion
2021 survey reveals that despite the in-
crease in the level of preparation for tra- of those who expect double-digit income
In addition to these, important results growth is measured as 40 per-cent. In ad-
that will guide the business world in Tur- ditional risks, the rising volatile course dition, 80 percent of leaders say that the
key have been obtained from the 2021 and changes in the top 10 risks have led pandemic experience has in-creased their
Global Risk Management Survey. Accord- to the highest ever reported loss of income companies' appetite to take more risks
ing to this: for businesses. and invest to build resilience for the fu-
ture, while executives emphasize that they
• Only 29 percent of respondents plan to
• A 2019 survey found that businesses are willing to take new risks related to
globally have the lowest level of risk read- increase their level of investment in risk financing and capital investment. 55 per-
management resources.