Political risks, violence and critical infrastructure blackouts are rising concerns for businesses in South Africa.
“Preparation is key – in particular for exposed sectors such as retail,” said Thusang Mahlangu AGCS CEO in South Africa. Recent attacks have shown worrying trends such as ‘double extortion’ tactics combining the encryption of systems with data breaches; exploiting software vulnerabilities that potentially affect thousands of companies or targeting physical critical infrastructure.
Natural catastrophes and pandemic are the two other important triggers for BI in the view of respondents.Pandemic outbreak remains a major concern for companies but drops from third to fifth in South Africa and second to fourth position globally – although the survey predated the emergence of the Omicron variant.
Allianz Risk Barometer respondents are most concerned about climate-change-related weather events causing damage to corporate property , followed by BI and supply chain impact .
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.