The latest enterprise risk management news from around the world

The risks posed by cyber attacks and reputational damage are increasingly worrying small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s third annual global SME survey.

Key findings included:

  • Risk awareness has improved, with over 90 percent of SMEs surveyed now aware of the risks facing their business. Only 7 percent don't see any risks for their business in 2016.
  • Concerns about cybercrime have almost tripled since 2013 (11 percent vs 4 percent), while worries about reputational damage have also increased (14 percent vs 8 percent three years ago). These were the fastest growing perceived risks since the survey began in 2013.
  • Just under a third (31 percent) rated the impact of competition on margins as the greatest risk facing their business, a slight decline from previous years. Lack of consumer demand continued to be the second-greatest risk, and has increased in prominence since 2013 (30 percent vs 24 percent).

The survey polled 2,600 C-suite executives and managers at SMEs across 13 countries in Europe, the Americas and Asia Pacific.

Read more about the third annual global SME survey (PDF).

Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.