For a second year running, cyber risk tops the list of concerns plaguing Australian insurers in 2017, according to an industry survey by PwC.

PwC has called on bank and business chief executives to consider Cybersecurity more seriously and better implement safeguarding practices.

PwC has called on bank and business chief executives to consider Cybersecurity more seriously and better implement safeguarding practices.

Technology advancements once considered highly sophisticated and specialist infrastructure were now just commodities in the acceleration of adoption, which saw 90 per cent of the world’s data created in the past two years, said a PwC report.

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