The recent report, Allianz Risk Barometer: Identifying the major business risks for 2025 analyses responses from over 3,700 businesses, across multiple industries and organisation sizes.
Respondent Company Sizes (by Revenue)
| Company Size | Revenue / USD | % of Respondents |
| Large | Greater than 500m | 46% |
| Mid-size | Between 100m and 500m | 25% |
| Small | Less then 100m | 29% |
Cyber Incident Risk Tops the Charts
For the fourth year running, the top global risk was cyber incidents. It ranked as the top risk across 5 regions (Europe, North America, South America, Africa, Middle East) and 20 countries, including Australia. It also ranked as the top risk in 8 industries, including Professional Services.
Australia’s Top 3
- Cyber incidents
- Changes in legislation
- Natural catastrophes
Ransomware attacks continued through 2024, targeting sensitive data to increase financial leverage on companies. It remains the top cause of cyber insurance loss, accounting for 58% of the value of large cyber claims (> 1m euros).
Top 5 Cyber Risks
Within the category of Cyber Incidents, the top 5 risks were identified as:
- Data breaches
- Cyber attacks on critical infrastructure and physical assets
- Increase in malware / ransomware
- Disruption from the failure of digital supply chains
- Increase in business email spoofing attacks
Increased Risk from AI
AI is advancing rapidly, even in tech terms, leaving companies with little choice but to adopt it to stay relevant. This can lead to an unmanaged and chaotic approach, where companies have little control over, or even visibility of, the AI toolsets in use. A managed approach to this is critical to avoid unnecessary risks.
Benefits of AI vs Risks
Of the respondents to the report:
- 50% said AI brought more benefits than risks
- 15% said the opposite
- The remaining 35% sat squarely on the fence
Whilst there are significantly more who believe the benefits outweigh the risks (as they should when carefully managed), these numbers acknowledge the inherent risk.
How can Obiquitech Help?
As providers of managed IT services with a focus on cyber security, we can offer solutions to specifically address the risks listed above.
For example, our 24×7 monitoring can detect ransomware and quickly isolate the ‘infected’ computer to reduce further risk to your business. We can then schedule a restore from our managed backup service to quickly bring this back to normal working order.
Our managed cybersecurity awareness training will give each of your staff members built in protection against email spoofing and phishing campaigns. This includes tests based on current real world threats, with follow up options for users who are tricked into clicking a link.
Reach out to us today to find out more.
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