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Cybersecurity Is The Biggest Threat To World Economy

(CNBC)


CEOs see cybersecurity as the number one threat to the global economy over the next five to ten years, a new report has claimed.


In its 2019 CEO Imperative Study, published Tuesday, management consultancy EY surveyed 200 global CEOs among the Forbes Global 2000 and Forbes Largest Private Companies. Researchers also interviewed 100 senior investors from global firms that had managed at least $100 billion in assets.


Income inequality and job losses arising from technological change were ranked second and third in the list of threats, while ethics in artificial intelligence and climate change rounded out the top 5.


‘Tipping point’

According to the study, global CEOs see more growth opportunities than risks in acting on those global challenges, with half of chief executives saying they believed the world’s largest companies should be engaged in addressing such problems.


More than two in three CEOs also said they were likely to take a public stand on the biggest global challenges. Read more

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