Recent global uncertainties and their potential effects on businesses are among the key concerns of board members and executive management teams as they assess their risks for 2017, according to a survey of business executives by global consulting firm Protiviti and the Enterprise Risk Management (ERM) Initiative at the North Carolina State University Poole College of Management.
The report surveyed 735 board members and executives at global organizations in the fall of 2016, and Included on the list of top 10 risks for 2017 were cyber security and the emergence of new technologies. A majority of the respondents (60%) said their organization might not be sufficiently prepared to manage cyber threats that have the potential to significantly disrupt core operations and/or damage their brand.
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