According to the report, published by the Business Continuity Institute in association with BSI, over three quarters of business leaders asked said that the possibility of an unplanned IT issue or a cyber-attack or data breach were the biggest fear they held for their business.
Long term trends have also been identified by the report, with 73 per cent saying that the threat of cyber-attacks is something that should be closely monitored, with 63 per cent feeling the same way about the influence of social media.
The top ten threats to business continuity are:
1. Unplanned IT and telecom outages
2. Cyber attacks
3. Data breaches
4. Adverse weather
5. Interruption to utility supply
7. Security incident
8. Health & safety incident
9. Act of terrorism
10. New laws or regulations
Howard Kerr, Chief Executive at BSI, said: “At a time when changing climatic, social, political and economic situations are forcing organisations to be nimble in adapting to novel threats, it is essential to learn from others experience and best practice.
“Developing the resilience of networks, services and business critical information must be an integral part of an organisation’s wider business resilience strategy. By putting in place a framework based on risk standards, you will be able to identify, prioritise and manage the range of threats to your business more effectively.”