FTI Consulting Survey Finds Business Resilience Remains Low Despite Persistent Risks
As executives continue to confront cybersecurity, financial crime and regulatory threats in 2020, companies remain largely unprepared for events that can impact revenue, valuation and reputation, according to a new survey released at the World Economic Forum in Davos, Switzerland.
The “FTI Consulting Resilience Barometer 2020,” a survey of more than 2,200 executives from private and publicly traded companies across all G-20 countries, measured the preparedness of companies against 18 regulatory, operational, cultural, leadership and technological threats. The survey found the average resilience score rose from 40 out of 100 in 2019 to 43 out of 100 in 2020.
Top concerns include:
- Cybersecurity (less than half of all executives surveyed are managing cyberattacks proactively, and only 10 percent believe they have no cybersecurity gaps at all)
- Financial crime (64 percent of companies experienced a form of financial crime over the past year, with theft and fraud representing 24% of those financial crimes)
- Increased regulation (81 percent of respondents expect increased regulation in the year ahead, up from 76 percent in 2019)
Download your copy of the report below.