Cyber-attacks and data breaches are leading business risks in Asia Pacific: Study

Despite facing these challenges, the Asia Pacific region is expected to maintain a robust position in terms of GDP growth in 2023, projecting a growth rate ranging from 0.7 per cent to 4.6 per cent.

As technology continues to advance at an unprecedented rate, the accompanying growth also brings forth significant risks. Amidst the rapid development, there are major threats that warrant attention. According to a comprehensive study conducted by Aon plc, the Asia Pacific region faces a critical challenge in the form of cyber-attacks and data breaches, emerging as the top business risks. 

The growing importance of vigilance and the implementation of robust cybersecurity measures is underscored as organisations navigate the dynamic landscape of technological progress. Aligning with this concern, Aon plc recently revealed the outcomes of its 2023 Global Risk Management Survey. This survey compiled insights from almost 3,000 risk managers, c-suite leaders, and other executives spanning 61 countries and territories. 

Source: People Matters

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