mbolina/AdobeStock

ALLIANZCOMMERCIAL

AllianzRiskBarometer

Identifyingthemajorbusinessrisksfor2026

Themostimportantcorporateconcernsfortheyear

ahead,asrankedby3,338riskmanagementexperts

from97countriesandterritories

ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

commercial.

Methodology

The15thAllianzRiskBarometerincorporatestheviewsof3,338respondentsfrom97countriesandterritories.TheannualcorporaterisksurveywasconductedamongAllianzcustomers(businesses

aroundtheglobe),brokersandindustrytradeorganizations.Italsosurveyedriskconsultants,

underwriters,seniormanagers,claimsexperts,aswellasotherriskmanagementprofessionalsinthecorporateinsurancesegmentofAllianzCommercialandotherAllianzentities.

RespondentswerequestionedduringOctoberandNovember2025.Thesurveyfocusedonlarge,smallerandmid-sizecompanies.Respondentswereaskedtoselecttheindustryaboutwhichtheywereparticularlyknowledgeableandtonameuptothreeriskstheybelievedtobemostimportant.

Mostanswerswereforlargecompanies(>US$500mnannualrevenue)[1,471respondents,44%].

Mid-sizecompanies($100mn+to$500mnrevenue)contributed816respondents(24%),whilesmallerenterprises(<$100mnrevenue)produced1,051respondents(31%).Riskexpertsfrom23industry

sectorswerefeatured.

RankingchangesintheAllianzRiskBarometeraredeterminedbypositionsyear-on-year,notpercentages.

↗Viewthefullregional,countryandindustryriskdata

Countriesandindustrysectorsneedatleast15respondentstofeatureinthe

AllianzRiskBarometer

resultsappendix

.

3,338respondents

97

countriesandterritories

23

industrysectors

ArtificialintelligenceriskcategorywascalledNewtechnologies(e.g.,riskimpactofartificialintelligence)intheAllianzRiskBarometer2025.TalentorlaborissuesriskcategorywascalledShortageofskilledworkforceintheAllianzRiskBarometer2025.

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ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

Contents

PAGE4

Themostimportantglobal

businessrisks

PAGE5

Riskdevelopments–

10surveysnapshots

PAGE6

Topconcernsaroundthe

world

PAGE7

Topglobalrisksoverview

PAGE8

1.Cyberincidents

PAGE12

2.Artificialintelligence

PAGE17

3.Businessinterruption

PAGE21

4.Changesinlegislation

andregulation

PAGE24

5.Naturalcatastrophes

PAGE27

6.Climatechange

PAGE30

7.Politicalrisksandviolence

PAGE33

8.Macroeconomic

developments

PAGE35

Insolvencyoutlook

PAGE36

9.Fire,explosion

PAGE38

10.Marketdevelopments

PAGE40

Toprisksforsmaller

companies

3

ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

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Gorodenkoff/ShutterstockBilanol/Shutterstockjo.pix/Shutterstock

42%

1

→

2025:

1(38%)

ImageFlow/ShutterstockHaikalceriativemark/AdobeStockfitpinkcat84/AdobeStock

2

2025:

10(10%)

32%

↗

Cyberincidents

(e.g.,cybercrime,ITnetworkandservicedisruptions,malware/

ransomware,databreaches,fines,andpenalties)

Artificialintelligence

(e.g.,implementationchallenges,liabilityexposures,misinformation/disinformation)

5

2025:

3(29%)

21%

↘

Bandersnatch/Shutterstock

6

2025:

5(19%)

19%

↘

AleksandrMedvedkov/ShutterstockMr.Nino/Shutterstock

3

2025:

2(31%)

29%

↘

4

→

2025:

4(25%)

26%

8

2025:

7(15%)

14%

↘

Businessinterruption

(incl.supplychaindisruption)

Changesinlegislationandregulation

(e.g.,tariffs,newdirectives,sustainabilityrequirements)

7

2025:

9(14%)

15%

↗

Macroeconomicdevelopments

(e.g.,inflation,deflation,monetary

policies,austerityprograms)

Politicalrisksandviolence

(e.g.,war,politicalinstability,

terrorism,polarization,coupd’état,

civilunrest,strikes,riots,looting)

Naturalcatastrophes

(e.g.,storm,flood,earthquake,wildfire)

Climatechange

(e.g.,physical,operationalandfinancialrisksasaresultofextremeweather)

vichie81/Shutterstock

10

↘

2025:

8(14%)

13%

9

2025:

6(17%)

13%

↘

Fire,explosion1

Marketdevelopments

(e.g.,intensifiedcompetition/newentrants,

M&A,marketstagnation,marketfluctuation)

Key

↑Riskhigherthanin2025↓Risklowerthanin2025

1Fire,explosionrankshigherthanmarketdevelopmentsbasedontheactualnumberofresponses

2Criticalinfrastructureblackoutsrankshigherthantalentorlaborissuesbasedontheactualnumberofresponses

→Nochangefrom2025(5%)2025riskranking%

3Theft,fraud,corruptionrankshigherthaninsolvencybasedontheactualnumberofresponses

4Lossofreputationorbrandvaluerankshigherthanbiodiversityandnaturerisksbasedontheactualnumberofresponses

5Biodiversityandnaturerisksrankshigherthanproductrecall,qualitymanagement,serialdefectsbasedontheactualnumberofresponses

Themost

important

for2026

ssrisks

Rankingchangesaredeterminedbypositionsyear-on-year,aheadofpercentages.

The15thannualAllianzRiskBarometersurveywasconductedamongAllianzcustomers(global

businesses),brokersandindustrytradeorganizations.Italsosurveyedriskconsultants,underwriters,seniormanagersandclaimsexpertsinthecorporateinsurancesegmentofAllianzCommercialandotherAllianzentities.

ViewthefullAllianzRiskBarometer2026rankingshere

Rank

Percent

2025rank

Trend

11Criticalinfrastructureblackouts(e.g.,powerdisruption)orfailures(e.g.,agingdams,

bridges,railtracks)2

8%

12(9%)

↗

12Talentorlaborissues

8%

11(9%)

↘

13Energycrisis(e.g.,supplyshortage/outage,pricefluctuations)

6%

13(8%)

→

14Theft,fraud,corruption3

5%

14(7%)

→

15Insolvency

5%

16(6%)

↗

16Lossofreputationorbrandvalue(e.g.,publiccriticism)4

4%

15(7%)

↘

17Biodiversityandnaturerisks(e.g.,waterscarcity)5

4%

NEW

↗

18Productrecall,qualitymanagement,serialdefects

4%

18(4%)

→

19Humanhealthrisk(e.g.,pandemicoutbreak)

3%

19(3%)

→

20Pollutionevent

1%

17(6%)

↘

Other

2%

Source:AllianzCommercial

Figuresrepresentthenumberofrisksselectedasapercentageofallsurveyresponsesfrom3,338respondents.Allrespondentscouldselectuptothreerisksperindustry,whichiswhythefiguresdonotaddupto100%.

NEWNewentryinthetoprisks

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ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

Riskdevelopments–10surveysnapshots

ImageFlow/ShutterstockGorodenkoff/ShutterstockAleksandrMedvedkov/ShutterstockHaikalceriativemark/AdobeStockBandersnatch/Shutterstock

Cyberincidentsisthetopglobalriskfor2026andbya

highermarginthaneverbefore–10%aheadoftheclosely-linkedperilofartificialintelligence(AI).Itisthefifthyearinarowcyberranks#1.Adecadeago,itrankedonly#8.Itisthetopriskacrossallcompanysizes(large,mid-sizedandsmall).

AIclimbstoitshighest-everpositionof#2,upfrom#10.

BothcyberandAInowrankastopfiveconcernsfor

companiesinalmosteveryindustrysector.AsAIadoptionacceleratesandbecomesmoredeeplyembeddedincorebusinessoperations,respondentsexpectrelatedrisks

tointensify.

ClosetohalfofrespondentsbelieveAIisbringingmore

benefitstotheirindustrythanrisks.However,afifthsaytheopposite,whiletheremainderbelievethejuryisstillout.

Education,retraining,andupskillinginitiativesarethemainactionsbeingtakenbycompaniesinresponsetoincreasingAIadoptionintheworkforce.Organizationsalsoneedto

implementtherightriskmanagementandgovernanceframeworkstosuccessfullycaptureAIopportunities.

Businessinterruptionandsupplychaindisruptiondropsto#3from#2butthisperilremainsasignificantconcern

givenitcanbeaconsequenceofotherrisksintheglobaltop10.Geopoliticalrisksareputtingsupplychainsunderincreasingpressure,butasrisksrise,just3%ofrespondentsviewtheirsupplychainsas“veryresilient”.

Changesinlegislationandregulationremainsat#4.

However,thereisanincreaseintheshareofrespondents,drivenbyconcernsoverfactorssuchastariffs.Thetop

actionscompaniesaretakingtoaddresstheirfluctuatingimpactistoexplorenewmarketsandproducts,aswellaslookingatrenegotiatinganddiversifyingsupplychains.

Meanwhile,divergencewillbethedefiningregulatoryriskof2026,asfirmshavetooperateinaworldwheremajorjurisdictionsaremovingindifferentdirectionswithregardtodigital/AI,prudential,andsustainabilityrules.

Bilanol/ShutterstockMr.Nino/Shutterstockfitpinkcat84/AdobeStockvichie81/Shutterstockjo.pix/Shutterstock

Naturalcatastrophesdropsto#5globally,drivenbyfactorssuchasaquieterhurricaneseasonduring2025.However,

insuredlossescausedbycateventsstillhitUS$100bnforthesixthyearinarow.Similarly,climatechangedropsto#6.

Businessinterruptionimpact,suchassupplychainbottlenecksanddisruptionoflogisticsduetoextremeweatherevents,isthemainclimate-relatedbusinessconcernforrespondents.

Politicalrisksandviolencerisestoitshighesteverpositiongloballyat#7.Unsurprisingly,waristheperilcompaniesaremostworriedabout,followedbycivilunrest,terrorism,andgovernmentintervention.Globalsupplychainparalysis

duetoageopoliticalconflictinvolvingmultiplemajoreconomiesranksasthemostplausible“blackswan”

scenariorespondentsbelievecouldimpacttheircompanyinthenextfiveyears.

Macroeconomicdevelopmentsdropsto#8withthe

globaleconomyshowingimpressiveresilienceheading

into2026.However,thedeeperstoryisoneofshifting

growthenginesandrisingcomplexity.Againstabackdropofheightenedpolicyandgeopoliticaluncertainty,globalmomentumwillincreasinglybeshapedbyforcessuchastradeandmigrationconstraints,therapidacceleration

ofAIandacomebackofindustrialpolicy–intersectingwithfamiliarpressuressuchaselevateddebtlevelsandstretchedmarketvaluations.Meanwhile,2026willseeafifthconsecutiveriseinglobalbusinessinsolvencies.

Fewthingscanbemoredestructiveanddisruptivethan

fire,explosion,aperennialtop10businessrisk,ranking#9globallyin2026.Marketdevelopmentscompletesthetop10at#10,withparticipantscautiousaboutthepotentialforanemergingAIbubble.However,bothrisksrankaslessofaconcernforbusinessesthanlastyear.

Asriskbecomesmorecomplexandinterconnected,

integratedresiliencestrategiescanhelptomitigatetheimpact.Companiesnowneedtohaveforward-lookingapproachestomanagingrisk,includingdynamichorizonscanning,scenariomodeling,andrigorousstresstesting.

Anintegratedresiliencestrategycanalsohelpavoid

unintendedconsequencesascompaniesadapttheir

operationsandsupplychainsinresponsetogeopoliticalrisksandsustainabilityconcerns.AIcanalsohelpfirmstoadapttothechangingrisklandscape.

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ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

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↗Viewallcountry,regionalandindustryriskdatahere

Thegraphicsshowthetopthreerisksinselectedcountriesandwhethereachriskisconsideredtobemoreorlessimportantthan12monthsago.

AllianzRiskBarometer2026:

Topconcernsaroundtheworld

India

1Cyber→

2Artificialintelligence(AI)↑

3Businessinterruption↓

Cyberisthetopperilforthe

ninthyearinarow.Inthetop10,

AI,politicalrisksandviolence

(#5),andcriticalinfrastructure

blackouts(#8)areamongthe

riskrisers.

Canada

1Changesinlegislation↑

2Naturalcatastrophes→

3Businessinterruption↓

Changesinlegislationranksas

thenewtoprisk.AI(#4),fire(#6),

andmarketdevelopments(#8)

areallriskrisersinthetop10.

Colombia

1Artificialintelligence(AI)↑

2Cyber↓

3Politicalrisksandviolence↑

AIisthenewtopriskconcern.

Inthetop10risks,political

risksandviolenceistheonly

otherriser.

Brazil

1Artificialintelligence(AI)↑

2Cyber↓

3Changesinlegislation↑

AIisthenewtopconcern.

Changesinlegislation,

macroeconomicdevelopments

(#7),andenergycrisis(#10)are

risersinthetop10risks.

China

1Businessinterruption→

2Artificialintelligence(AI)↑

3Changesinlegislation↓

Businessinterruptionremains

thetoprisk.AI,humanhealthrisk

(#9),andlossofreputation(#9)

arenewentriesinthetop10.

Germany

1Cyber→

2Businessinterruption→

3Changesinlegislation↑

Cyberremainsthetoprisk.Inthe

top10,changesinlegislation,

marketdevelopments(#6),and

macroeconomicdevelopments

France

1Cyber→

2Naturalcatastrophes→

3Fire↑

Cyberremainsthetoprisk.

AI(#8),andmacroeconomic

developments(#10)arenew

entriesinthetop10risks.

Australia

1Artificialintelligence(AI)↑

2Cyber↓

3Changesinlegislation↓

AIisthenewtopbusiness

concern,whileclimatechange(#4),andmarketdevelopments(#9)arerisersinthetop10risks.

(#9)allrankhigherthan

lastyear.

SouthAfrica

1Cyber→

2Businessinterruption→

3Artificialintelligence(AI)↑

Cyberremainsthetoprisk.AI,

andbiodiversityandnaturerisks

arenewentriesinthetop10.

Portugal

1Cyber→

2Artificialintelligence(AI)↑

3Naturalcatastrophes↓

Cyberremainsthetoprisk.

AI,andmacroeconomic

developments(#8)rankas

higherconcernsyear-on-yearin

thetop10risks.

Singapore

1Businessinterruption→

2Cyber→

3Artificialintelligence(AI)↑

Businessinterruptionremainsthe

toprisk.AI,andmacroeconomic

developments(#9)arerisersin

thetop10.

Spain

1Cyber↑

2Naturalcatastrophes↓

3Fire↓

Cyberisthenewtoprisk.AI

(#5),andcriticalinfrastructure

blackouts(#8)aretheonly

otherrisersinthisyear’stop10

corporaterisks.

USA

1Cyber→

2Businessinterruption↑

3Changesinlegislation↑

Cyberremainsthetoprisk.

AI(#4),andpoliticalrisks

andviolence(#9)areamong

theriskrisersinthetop10

corporateconcerns.

Japan

1Cyber↑

2Naturalcatastrophes↓

3Businessinterruption→

Cyberisthenewtopriskconcern.

Politicalrisksandviolence

(#4),productrecall(#9),and

macroeconomicdevelopments

(#10)arerisersinthetop10.

UK

1Cyber→

2Artificialintelligence(AI)↑

3Businessinterruption↓

Cyberremainsthetoprisk

concern.AI,climatechange(#6),

macroeconomicdevelopments

(#6),andtalentorlaborissues

(#9)allrankashigherconcerns

year-on-year.

Italy

1Cyber→

2Businessinterruption↑

3Climatechange↑

Cyberremainsthetoprisk.

Businessinterruption,climate

change,AI(#4),macroeconomic

developments(#8),and

biodiversityandnaturerisks(#9)

areallriskrisersinthetop10.

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ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

Topglobalrisksoverview

TheAllianzRiskBarometertracksthemostimportantcorporateconcernsfortheyearahead,asvotedforby3,338riskmanagementexpertsfromalmost100countriesandterritories.Whicharethemainperilsexpectedtooccupythethoughtsofriskmanagementpractitionersin2026?

Cyberincidentsagainranksasthetopglobalriskfor2026,followedbythecloselylinkedperilofartificialintelligence(AI)whichclimbsfrom#10lastyear.BothcyberandAI

nowrankastopfiverisksineveryregionandalmostalltheindustrysectorsanalyzedinthisyear’ssurvey.

Businessinterruption(incl.supplychaindisruption)

dropsslightlyto#3,havingrankedeither#1or#2ineveryAllianzRiskBarometerforthepastdecade.Itremainsakeyconcernatatimewhenoperationsandsupplychainsareunderunprecedentedpressurefromacombinationofgeopolitical,digitalandclimatechange-relatedrisks–allofwhichfeatureinthisyear’stop10globalconcerns.

Theserisksarenotexpectedtorecedeanytimesoon–infacttheimpactofgeopoliticaltensions,extremeweatherevents,andtechnologicalinnovationisonlylikelyto

intensifyintheyearsahead.Asaresult,businesseslargeandsmallwillneedtodouble-downontheireffortsto

bolsterresilience.However,just3%ofrespondentsinthisyear’ssurveyviewtheirsupplychainsas“veryresilient”.

“AIisthebigmoverintheAllianzRiskBarometer2026,”

explainsMichaelBruch,GlobalHeadofRiskConsultingAdvisoryServices,AllianzCommercial.“Itsrapidevolutionandadoptionarereshapingtherisklandscape,makingitastandoutriskforbusinessesworldwide.Yetinmanyways,itcouldbeseenasjustanotherrisktoaddtothegrowinglistofchallengesforbusinesses.However,AI’stransformativepotentialmeansitcannotbeunderestimated.Astheresultsshow,manyofthetopperilsareinterconnectedandhighlycomplexrisksthatwillimpacteveryorganizationin2026.

CybertopstheglobalrankingasAIandsupplychainrisksmount

AIjumpsto#2.Viewedasacomplexsourceofoperational,legal,and

reputationalriskinadditionto

bringingbenefitsandopportunities

Geopoliticalrisksputsupplychainsunderpressure

Asrisksrise,just3%ofsupplychainsviewedas“veryresilient”

Integratedresiliencestrategiesneededtoaddresscomplexandsystemicriskthreats

AIandothertechnologiescanalsohelpfirmstoadapttothechangingrisklandscape.

AI

“Thosebusinessesthatcandevelopintegratedrisk

adapttorapidchange–willbebestplacedtocaptureopportunitiespresentedbytransformativetechnologiesandseismicchangesingeopoliticalandsocietaltrends.”

managementandresiliencestrategies–thatareforward-looking,strategicandfunctional,andagileenoughto

tete_escape/Shutterstock

7

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1

Cyberincidents

42%

→

(e.g.,cybercrime,ITnetworkandservicedisruptions,malware/ransomware,databreaches,fines,andpenalties)

Rankinghistory:UponpreviousyearNochange

Downonpreviousyear

SouthKorea

Spain

Switzerland

Thailand

HongKong

India

Italy

Japan

Portugal

Slovenia

SouthAfrica

Argentina

Belgium

Bulgaria

Croatia

CzechRepublicFrance

Germany

1

1

1

1

1

UK

US

Topriskin:

3

202120222023202420252026

ImageFlow/Shutterstock

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ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

AIandsupplychainvulnerabilitiesreinforcecyberastoprisk

In2026,cyberincidentsisthetopglobalriskforthefifth

yearinarow,withitshighest-everscore(42%ofresponses),andbyahighermarginthaneverbefore(10%).Itranks

asthemaincorporateconcernineveryregion(Americas,AsiaPacific,Europe,andAfricaandMiddleEast)surveyedintheAllianzRiskBarometerandisagainrankedasthetopriskforlarge(>US$500mnannualrevenues),mid-sized($100mnto$500mn)andsmallercompanies(<$100mn).

ThecontinuedpresenceofcyberatthetopoftheAllianzRiskBarometerreflectsadeepeningrelianceondigitaltechnologyatatimewhenthecyberthreatlandscape,geopolitical,andregulatoryenvironmentsarefast

evolving,accordingtoRishiBaviskar,GlobalHeadofCyberRiskConsultingatAllianzCommercial:

“Largecompanies’investmentsincybersecurityand

resiliencehavebeenpayingoff,ensuringtheycan

detectandrespondtoattacksearly.However,cyber

riskcontinuestoevolve.Organizationsareincreasinglyreliantonthirdpartyprovidersforcriticaldataand

services,whileartificialintelligence(AI)issuperchargingthreats,increasingtheattacksurfaceandaddingto

existingvulnerabilities.”

Organizationsare

increasinglyreliantonthirdpartyprovidersforcriticaldataandservices,whileAIis

superchargingthreats

Businessesareconsciousoftheneedtoinvestinprotectionagainstcyberincidents,includingincreasingAI-driven

threats.Around90%ofrespondentssaytheyanticipatemakinga“moderate”(47%)or“high”(43%)investmentincyberlossprevention,withjust9%intendingtomakealowinvestment.

9

Whatlevelofinvestmentdoesyourcompanyanticipateneedingtoprotectagainstcyberincidents,includingincreasingAI-driventhreats?

Moderateinvestmentneeded

Highinvestmentneeded

Lowinvestmentneeded

Noinvestmentneeded

Respondents:1,395

Source:AllianzRiskBarometer2026

43%

47%

9%

1%

ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

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“Thetoolstoprotectagainstcyber-attacksarecostly,yettheconsequencesofasuccessfulincidentarepotentiallycatastrophicwithhugebusinessinterruptionandsupplychaincosts,aswellasregulatorycomplianceandlegalimplications,”saysBaviskar.

Againstabackgroundofincreasinggeopoliticaltensionsandheightenedsupplychainvulnerabilities,cyberistheriskofgreatestconcernacrossabroadrangeofindustries,includingmanufacturing,aviation,chemicals,oiland

gas,technology,telecommunications,transport,financialservices,retail,foodandbeverage,andhospitality.

“Wearenowseeingcostlyattacksonbusinessesand

supplychainsoutsidetheUSandEurope,withnotable

incidentsinAsiain2025,”saysBaviskar.“Atthesame

time,regulationscontinuetotightenglobally.Companiesareincreasinglyexposedtotougherprivacyandcyber

securityrequirementsinbothhomeandexportmarkets.Forexample,theEuropeanUnion’s(EU)updated

ProductLiabilityDirectivenowextendstocybersecurityandcoversAI,softwareanddigitalsystems,acrossthesupplychain.”

Ofcourse,cybercrimeishighlyprofitable,withgroups

operatingonanindustrialscale.Accordingtothe

FBI1

,

cybercrimelossesintheUSsoaredtoarecord$16.6bnin2024,a33%increaseannually.Ransomwarehasevolvedintoasophisticatedecosysteminwhichspecialistgroupsknownasinitialaccessbrokersgainunauthorizedaccesstoanorganization’ssystems,whichtheysellontoaffiliatesthatcarryouttheattackanddemandransompayments.

Cybercriminalsareadeptatexploitingvulnerabilitiesin

cybersecurity–suchassupplychainsandemployees–aswellasleveragingtheimpactofbusinessinterruptionandthereleaseofsensitivedatatoextractransompayments.AccordingtoAllianzCommercialcyberclaims

analysis

,

ransomwareaccountsfor60%ofthevalueoflargecyberclaims(>€1mn)seenduringthefirsthalfof2025,while40%ofthevalueoflargecyberclaimsseenduringthisperiod

includeddatatheft,upfrom25%inallof2024.

Atthesametime,attackersarealsoincreasinglyusingAItoautomateattackprocesses,whichenablesthemtocarryoutmoreattacks,fasterandmoreefficiently.AIisalsoloweringthebarforthreatactors,makingiteasierforcriminalswholacktechnicalskillsandransomwareexpertisetoexecuteattacks.

nuclear_lily/Shutterstock

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ALLIANZRISKBAROMETER2026|ALLIANZCOMMERCIAL

GrowingconcernforcyberBIandsupplychains

ThecontinuingdominanceofcyberriskintheAllianzRiskBarometeralsoreflectsagrowingrelianceonthirdpartiesforcriticaldataanddigitalservices.Severalattacksand

outageshavecausedsignificantdisruptiontobusinesses,theirsupplychains,customersandthewidereconomy

overthepast12months,withnotableincidentsimpactingmanysectorsin2025.AttacksagainsttwoUKretailers

alonecausedestimatedlossesofupto￡440mn($585mn),accordingtothe

CyberMonitoringCentre2

.

“Digitalinfrastructureandtechnologyarenowcritical

toallbusinessesandtheirsupplychains.Complex

interconnectedsystemsexistwithinorganizations,

thirdpartysuppliersandcustomers.Aswehaveseen

withrecentincidents,acloudoutage,technicalglitch

ormaliciousattackcanhavehugeimplicationsfora

business’sabilitytoproduceandsellitsgoodsand

services,withtheeffectsripplingthroughsupplychains,”saysBaviskar.

Inoneofthemostdisruptiveincidentsoftheyear,a

ransomwareattackhaltedproductionatUKluxurycarmanufacturerJaguarLandRover(JLR).Affectingover

5,000organizationsinJLR’ssuppl