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Cyber attacks pose the biggest threat to businesses: this is the conviction of top executives consulted in Europe, North America and East Asia by the World Economic Forum, which released the results of the latest Regional Risks for Doing Business Report
The global survey carried out among more than 12,500 top executives in 140 economies – who have been asked to identify the 5 greatest risks – indicates differentiated responses in eight regional areas of the world where it has been made, but stresses that the cyber attacks is an increasingly serious concern for business leaders: in this respect, for the first time, there is unanimity in the three most advanced economic areas on the planet with the ascent to the top of cyber dangers even in Europe.
However, you have to wonder if at the end of January, the Davos summit will take place responses will not be different, at least in Europe. The survey was carried out in the first half of this year. And this probably explains in part why, in second place among the greatest risks identified by the European managers, is quoted that financial bubbles. Only on the third and fourth appearance, within Europe, “Failure of national governance” and “Failure of financial mechanism or institution,” that is, on the one hand, the risk of bankruptcy, the other national policies to an inadequacy of financial institutions or mechanisms to remedy the situation. It is not surprising that the factor «governance» in public life is foremost among the risks for business in Latin America and South Asia, as is that of shock on commodity prices in areas of very high production of oil and gas in the Middle East, North Africa and Eurasia. The World Economic Forum will launch the complete Global Risk Report next January 16.
“In light of the current global geopolitical uncertainties, cooperation within and between regional areas takes on fundamental importance. Understanding the evolution of risks in different regions is of crucial interest to the business leaders, “says Mirek Dusek, deputy head of Geopolitical and Regional Agendas and a member of the Executive Committee at the Wef. The survey finally emerges even widespread fear about the growing geopolitical conflicts, which have already led to an increase of duties and penalties and may have severe consequences not only economic.