Australia has dropped nine places – from 66th to 75th – in cyber resilience, driven by a 3% rise in internet penetration, according to the 2018 FM Global Resilience Index.
The index—an annual ranking of 130 countries and territories by the resilience of their business environments—is an online, interactive resource to help global executives plan where to do business.
Cyber risk, one of 12 indicators for determining the index’s overall resilience rankings, “raise the specter of stalled operations, disrupted supply chains, class-action lawsuits, and permanent brand damage,” FM Global said in a statement.
The index also revealed Switzerland as the top ranker in overall resilience, followed by Luxembourg and Sweden – all the same as last year. On the other end of the spectrum, Haiti was found to be the least resilient, followed by Venezuela and Nepal – also the same order as last year.
“Our mission is to give global business executives powerful intelligence to support their decisions about where to site facilities, what partners to select, and how to manage their risks,” said Thomas Lawson, chairman and chief executive officer at FM Global. “With the resilience index, business leaders can dig deeper than they ever have into geographical differences in resilience, including cyber risk.”
Find out more about this year's global resilience rankings by visiting the commercial and industrial property insurer's website.
