According to the Allianz Risk Barometer 2022, a yearly report by the world’s largest insurance company, 2022 is seeing cyber risks overtake other top global risks.
Cybercrime, IT failure/outage, data breaches, and fines and penalties are categorized as the top global business risks for 2022. There has been a 44% rise in all of these areas, compared to 2021. This article further analyses the major cybersecurity threats for 2022, and aims at supporting SMEs in categorizing and identifying online threats to be better prepared and mitigate the cyber risks jeopardizing business stability.