The latest business continuity news from around the world

Organizations see terrorism as an increasing threat to business continuity

The fifth annual Business Continuity Institute Horizon Scan report, published in association with BSI, has shown a large increase in concerns about terrorism.

The report ranks the potential threats that organizations face, with acts of terrorism gaining six places : from being the 10th most concerning threat in 2015 to 4th this year.

55 percent of respondents to the global survey expressed concern about the possibility of an act of terrorism disrupting their organization, compared to 42 percent last year.

Another significant change identified in the survey was the increase in organizational threat created by shortages of skills. ‘Availability of talents/key skills’ entered the list of top ten threats, moving up from 14th place in 2015.

For the second year running cyber attack is seen as the greatest threat, with 85 percent of respondents expressing concern about the issue (2015: 82 percent). Additionally, data breach has climbed from 3rd place in 2015 to 2nd place this year, with 80 percent worried about the impacts of such an incident (2015: 74 percent).

Unplanned telecoms and IT outages have dropped from first place in 2014 to second place in 2015 and now third place in 2016, but these are still very real issues, with 77 percent of respondents highlighting these areas as organizational threats (2015: 81 percent).

According to the survey, this year’s global top ten threats to organizations are:

  1. Cyber-attack: no change in position
  2. Data breach: up 1
  3. Unplanned IT and telecoms outages: down 1
  4. Acts of terrorism: up 6
  5. Security incidents: up 1
  6. Interruption to utility supply: down 2
  7. Supply chain disruption: down 2
  8. Adverse weather: up 1
  9. Availability of talents/key skills: up 5
  10. Health and safety incident: up 1.

Read the Horizon Scan report here (registration required).



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