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Along with the usual concerns that keep business executives up at night—legal liability and rising medical and benefits costs—many U.S. companies are increasingly concerned about cyber risks and the ability to attract and retain talent, according to Travelers’ 2015 Business Risk Index. 

Medical cost inflation still tops the list of perceived risks despite a drop in general concern from 67 percent in 2014 to 60 percent in 2015. Yet, one-third of companies feel the least prepared to handle this risk. 

Making the greatest leap from fifth place in 2014 to second this year is concern regarding cyber risk. In fact, nine out of the 10 industries surveyed say cyber risks and data breaches are among their top five concerns, but 29 percent feel ill-prepared to handle them. 

Regarding the challenge of finding and retaining skilled labor, the survey reported a 3 percent increase since last year, resulting in a jump from last place to fifth place on the list of top risk concerns. 

To download the full report, visit travelers.com/businessriskindex

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