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Survey: Corporate executives failing to recognize technology risks

Published on .

St. Paul, Minn.-Top-level U.S. and European executives are failing to recognize the risks posed to their companies by technology, according to a new survey. Only 25% of U.S. and 30% of European executives surveyed said that their companies had technology risk management committees, according to the survey, "The eFrontier: New Challenges to Corporate Risk Management." And tellingly, the survey also revealed that of those executives who said their companies had such a committee, only 13% considered it effective. Meanwhile, 50% of U.S. executives and 51% of European executives said that their companies' risk coverage for technology was only "somewhat adequate." The survey, sponsored by The St. Paul Cos. Inc. and prepared by New York-based research firm Schulman, Ronca & Bucuvalas Inc., interviewed about 1,500 U.S. and European executives.
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