By Sally Mewies

As advances in digital technologies continue to transform business infrastructure and service delivery, there are exciting opportunities for innovation and growth. But with change comes challenge, and the increased demands on physical and virtual connectivity can leave many businesses exposed to risk.

Research from Gowling WLG’s Digital Risk Calculator highlights that UK businesses are less aware of digital risks than their European counterparts. Of those identified across all countries surveyed, 69% revealed cyber risks to be their biggest area of concern. The second proved to be risks related to the security of highly sensitive/valuable data (55%). Both are issues that could adversely impact the infrastructure assets and networks of a business, as well as bring financial and reputational costs.