There’s no doubt that 2021 presented some serious challenges for the vast majority of people around the world. As we continued to battle through the COVID-19 pandemic, businesses were also faced with a host of other challenges, from cyber attacks and extreme weather events, to business interruptions due to staff shortages and disruptions to the supply chain.
After the challenges of 2020 and the continuing impact of the global pandemic, risk awareness and prevention has taken on a whole new level of significance for businesses everywhere.
Trends show that risks faced by Australian businesses are rapidly changing and there are new ones to worry about every year. Therefore, the best course of action would be to annually keep aware of and prepare for the biggest risks faced by Australian businesses. To give you some perspective, cyber incidents, which was ranked as the 15th biggest risk for businesses just seven years ago, is now the number one business risk!
Leave a comment