The Economist Intelligence Unit has one of the largest and most experienced country and industry analysis teams in the world. Our 100 full-time country experts and economists, based in offices around the world, have a thorough grounding in economics, politics, risk and industry. Most have lived and worked in the region they cover; many are fluent in local languages; and three out of four have advanced degrees. To ensure that this expertise remains fresh and up to date, each country analyst focuses on two or three countries, and visits them regularly.

Our experts are supported by a huge network of contributors based in virtually every country of the world. Currently numbering 650, our contributors report on recent economic and political events, comment on the business environment and legislative changes, and give their views on political, economic and social trends.

Latest Press Releases

  • France leads new food index, followed by Japan, with good performance for nutrition, food waste and agricultural sustainability. India and Ethiopia face severe nutritional challenges,…
    in Latest Press Releases
  • Informal networks vital source of support to 78% of start-ups. Over half of entrepreneurs belong to business-networking groups on global platforms such as Facebook and…
    in Latest Press Releases
  • According to a new survey, uncertainty about economic growth is by far the top concern of treasurers worldwide Low or even negative interest rates are…
    in Latest Press Releases

Twitter Feed

The impact of the #coronavirus on the #US #economy is becoming more prominent: The EIU nowcast is currently predict… https://t.co/hwezyEKHbg

The #US #GDP growth rate for Q1 2020 fell sharply to 0.58% mainly due to the release of the weekly #jobless claims… https://t.co/suX1ux3rEu

The EIU nowcast is currently predicting the #US #economy to contract by -0.95% on a QoQ basis during the Q1 2020. R… https://t.co/h9QMyFgAHc

Access all of our regularly updated #coronavirus coverage in one place and assess the potential impact of #COVID19https://t.co/iVKVIaaCMf
FOLLOW The Economist Intelligence Unit ON_TWITTER
Tuesday, 04 October 2016

Risk to critical infrastructure from a cyber-attack to increase according to EIU study

  • Nearly three-quarters of critical infrastructure operators believe that a serious cyber-attack is “likely” or “somewhat likely” over the next three years  
  • Proliferation of the IoT is contributing to increased vulnerability
  • Information and communications networks and financial networks are the most likely to be attacked
  • Outsourcing of IT security solutions appears to be gaining acceptance
  • Nearly 90% say their organization has a clear chain of command for dealing with cyber-incursions

A new report released today (October 3rd, 2016) by The Economist Intelligence Unit (EIU) looks at the risk of cyber-attacks on critical infrastructure and how operators of this infrastructure are defending themselves. The report finds that 74% of operators believe that in the next three years, attacks will be more frequent than in the last five. Securing the digital city: cyber-threats and responses, sponsored by NEC, is based on a global survey of 200 operators of critical infrastructure. 

A major reason for increased risk is growth in the Internet of Things (IoT)—80% of respondents agreed that proliferation of the IoT and big data will make them more vulnerable to a serious cyber-attack. Telecom and IT service providers are believed to be most at risk of attack because they enable all other critical infrastructure and hence an attack on them would have the widest impact. Banking is viewed as the second most likely target given the high value of the assets held by these institutions.

While outsourcing was once viewed with skepticism by security-minded technology buyers, it seems to have gained acceptance as part of cyber-security efforts: 35% of respondents say they are primarily using third-party relationships to manage their security, while 19.5% said they use a mix of internal and external solutions. Despite an increase in outsourcing of IT security, and the increasing complexity of the IoT, survey respondents feel prepared to deal with rising threats ­– 87.5% say they have established clear chains of command for cyber-security issues.

Chris Clague, the editor of the report, said:

“The increasing connectedness of critical infrastructure is improving the quality and reach of services, but it is also exposing operators to greater levels of risk from cyber-attacks. Mitigating that risk is more important for critical infrastructure than perhaps any other sector because their operations are responsible for the day-to-day functioning of society. It is encouraging that nearly nine in ten respondents believe their organisation has a clear command structure to deal with attacks, but they will also need to be continually fine tuning their portfolio of tools and resources.”

View report and infographic



Press enquiries:

London: Mathew Hanratty, corporate communications manager

+44 (0)20 7576 8546

This email address is being protected from spambots. You need JavaScript enabled to view it.


Tokyo: Chris Clague, senior editor

+ 81 3 5223 2662

This email address is being protected from spambots. You need JavaScript enabled to view it." target="_blank">This email address is being protected from spambots. You need JavaScript enabled to view it.m


About The Economist Intelligence Unit

The Economist Intelligence Unit is the world leader in global business intelligence. It is the business-to-business arm of The Economist Group, which publishes The Economist newspaper. The Economist Intelligence Unit helps executives make better decisions by providing timely, reliable and impartial analysis on worldwide market trends and business strategies. More information can be found at www.eiu.com or www.twitter.com/theeiu.

About NEC

NEC Corporation specialises in the integration of IT and network technologies for businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com

An Economist Group business © 2011 The Economist Intelligence Unit Limited. All rights reserved.

About us | Privacy | Terms of access | Contact us | Help

Connect with us