The financial services industry’s biggest risks are cyber incidents, which are increasingly bringing significant disruption and financial losses to the industry. Cyber incidents take the top spot for two years running with a response rate of 46% versus 51% last year. This is according to the eighth Allianz Risk Barometer 2019, an annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS), which incorporates the views of a record 2,415 experts from 86 countries including CEOs, risk managers, brokers and insurance experts.
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