The 2003 Protecting Value study from three risk management/financial associations determines that just 4% of executives worldwide consider cybercrime a property hazard that would affect earnings-related business departments. According to the 2003 “Protecting Value” study from FM Global, Financial Executives Research Foundation, Inc. and the National Association of Corporate Treasurers (NACT), cybercrime represents a business property hazard for only 4% of financial executives and risk managers worldwide. CFOs, treasurers and risk managers were asked to comment about their top three departments, in terms of earnings, and the biggest property hazards that would affect these departments. Respondents primarily cited fires and/or explosions (14%) and natural disasters (12%) as major property hazards to their “core” departments. Full Story
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