CEOs are accelerating digitisation, but also see risks

Cyber threats require a great deal of attention in risk management

The COVID-19 crisis is forcing CEOs to accelerate their digital transformation. As many as 77 percent of respondents say they will increase investment in digital transformation over the next three years, 48 percent of whom are planning to do so substantially.

At the same time, CEOs are concerned about the risks posed by the digital world. That is reflected in risk management. When asked which threats are explicitly included in their risk management, cyber threats were mentioned the most. “Fortunately, CEOs recognise the risks and realise they have to take action. The only question is how this will happen. That’s something they are still struggling with”, says Anthony Kruizinga, a specialist in the field of risk and regulation.

COVID-19 is bringing about shifts in emphasis in risk management

As a result of the COVID-19 crisis, the CEOs we contacted report that they are focusing more on risks that are unlikely to occur often, but which would have a major impact. That category includes COVID-19. Shifts in emphasis within risk management can also be seen in COVID-related aspects such as increased collaboration in supply chains.