Loss of data significant threat say businesses

One in three global businesses see loss of data as a significant threat, as well as a key issue to address in operational risk management planning. An Ace-sponsored survey of 181 senior executives, conducted by the Economist Intelligence Unit, revealed that 40% of respondents focused more on loss of data than other issues, including systems failure, human error and natural disasters. In addition, more than half believed the volume and severity of operational risks had increased.