The top three business risks for 2018: Cyber, supply chain and regulatory compliance

  • Cyber risk is the number 1 risk for companies in Australia and companies should consider an overarching cyber management strategy.
  • To combat business interruption, organisations need to consider the risk of third party supply chain infrastructure disruption as a critical risk to their own performance.
  • Significant corporate and executive liability is a recurring feature of the new compliance regimes introduced in a number of major sectors in Australia.

Wooden blocks spelling out RISK

The Allianz Risk Barometer ranked the top business risks for 2018, based on the views of more than 1,900 risk management experts globally. Here, we look at the top three identified business risk for Australia and discuss how they can be effectively managed.

#1 Cyber incidents

It will come as no surprise that, in Australia, cyber risk is the top ranked risk and, globally, this is seen as the second biggest risk for companies.

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