DATA PRIVACY/SECURITY CONCERN FAR OUTWEIGHS ALL OTHERS
With 563 data breaches this year exposing more than 150 million personal records, it’s no wonder concern about the safety of personal data among CEOs is significantly higher than concern for other types of risk. Privacy/data security risk garnered a 6.81 on a scale of 1 to 10 (with 10 being the highest) in August of 2015, compared with 4.59 for liability threats, 4.53 for terrorism, 3.68 for physical damage and natural disasters and physical security/family security at 3.63 points.
Privacy/data security concern has steadily increased, from 6.5 points in September 2014 to its current level, a 4.4 percent increase. Meanwhile, concern over risk from terrorism and physical
damage/natural disasters dropped (9.5 percent and 5.6 percent, respectively), while concern about other personal risks remained relatively flat. These surveys were conducted by Chief Executive in partnership with PURE Insurance.
CYBERSECURITY RISKS INCREASE WHEN AWAY FROM THE OFFICE
ARE CEOS TAKING ENOUGH PRECAUTIONS WITH THEIR PERSONAL TECHNOLOGY?